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Comparative Economic Studies

, Volume 58, Issue 3, pp 430–454 | Cite as

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

  • Markus AhlbornEmail author
  • Joachim Ahrens
  • Rainer Schweickert
Original Article

Abstract

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.

Keywords

varieties of capitalism worlds of welfare states government spending regulation cluster analysis transition economic systems CEECs 

JEL Classification

H10 P10 P51 

Notes

Acknowledgments

Rainer Schweickert received funding for this research from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no. 290647.

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Copyright information

© Association for Comparative Economic Studies 2016

Authors and Affiliations

  • Markus Ahlborn
    • 1
    Email author
  • Joachim Ahrens
    • 1
  • Rainer Schweickert
    • 2
  1. 1.PFH GöttingenGöttingenGermany
  2. 2.Kiel Institute for the World EconomyKielGermany

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