Large-Scale Transition of Economic Systems – Do CEECs Converge Toward Western Prototypes?

Autor:	Rainer Schweickert, Joachim Ahrens, Markus Ahlborn
Rok vydání:	2016
Předmět:	Government spending Economics and Econometrics 05 social sciences Convergence (economics) Oecd countries Capitalism 0506 political science Eastern european 0502 economics and business 050602 political science & public administration Economics 050207 economics Economic system Scale transition
Zdroj:	Comparative Economic Studies. 58:430-454
ISSN:	1478-3320 0888-7233
DOI:	10.1057/s41294-016-0009-x
Popis:	We analyze potential convergence of Central and Eastern European Countries’ (CEECs) economic systems toward western prototypes. The corresponding comparative capitalism literature identified four prototype economic systems among (traditional) OECD countries: Liberal, Continental, Nordic, and Mediterranean. Based on a comprehensive macroeconomic cluster approach, we are able to confirm these prototype country clusters. At the same time, our results indicate that the economic systems of CEECs have still not completely converged toward these prototypes, but complement them by independent Liberal (CEEC LME) and Continental/Nordic (CEEC CME) varieties, showing no signs of convergence toward the inconsistent and underperforming economic system of Mediterranean countries.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::21cb544143107b4906d40a8a3e04e69c https://doi.org/10.1057/s41294-016-0009-x Zobrazit plný text záznamu Full text from SpringerLink