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    Economic Systems of Developing Nations

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    This essay employs a database of covering 31 different types of economic institutions for 41 developing nations. Defining an economic system in terms of clusters of complementary institutions and performing a cluster analysis, I derive four different types of economic systems. Then I explore the impact of the economic system on the economic growth, inflation rate, and production volatility of the nations with each system. Comparative Economic Studies (2006) 48, 77–99. doi:10.1057/palgrave.ces.8100072
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