A snapshot of the EU’s capitalist diversity between the two recent major economic crises

This article carries on the research agenda of mapping EU’s capitalist diversity by taking an up-to-date snapshot of capitalist types regarding the period between two recent major crises (2014-2019). During the update the research framework has been further improved with more relevant indicators, a...

Full description

Bibliographic Details
Main Author: Zoltan Nadoban
Format: Article
Language:English
Published: Università Carlo Cattaneo LIUC 2023-06-01
Series:The European Journal of Comparative Economics
Subjects:
Online Access:https://ejce.liuc.it/articles/ejce017.pdf
_version_ 1797654315062525952
author Zoltan Nadoban
author_facet Zoltan Nadoban
author_sort Zoltan Nadoban
collection DOAJ
description This article carries on the research agenda of mapping EU’s capitalist diversity by taking an up-to-date snapshot of capitalist types regarding the period between two recent major crises (2014-2019). During the update the research framework has been further improved with more relevant indicators, a further expanded Amablian framework concerning the institutional side, and a coupling with the demand side which was conceptualized by the growth regimes theory. Results of the cluster analyses confirm the persistence of capitalist division with the two clusters of southern and eastern member states separating the most while the countries belonging to the core region are mixing during cluster formation. The article shares the view that capitalist types should be evaluated from a boarder perspective (a competitiveness point of view along economic, social, institutional upgrading channels and dependency perspective). Overall results re-confirm the existence of peripheral capitalist models, whose catching up ability and sustainability are doubtful as they are characterized by permanent resource outflows that could not be solved without a (democratic) reform of the institutional side.
first_indexed 2024-03-11T16:57:40Z
format Article
id doaj.art-b96ddfe0d04a437d8612f69e36ad078c
institution Directory Open Access Journal
issn 1824-2979
language English
last_indexed 2024-03-11T16:57:40Z
publishDate 2023-06-01
publisher Università Carlo Cattaneo LIUC
record_format Article
series The European Journal of Comparative Economics
spelling doaj.art-b96ddfe0d04a437d8612f69e36ad078c2023-10-20T14:20:15ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792023-06-0120113115810.25428/1824-2979/01718242979A snapshot of the EU’s capitalist diversity between the two recent major economic crisesZoltan NadobanThis article carries on the research agenda of mapping EU’s capitalist diversity by taking an up-to-date snapshot of capitalist types regarding the period between two recent major crises (2014-2019). During the update the research framework has been further improved with more relevant indicators, a further expanded Amablian framework concerning the institutional side, and a coupling with the demand side which was conceptualized by the growth regimes theory. Results of the cluster analyses confirm the persistence of capitalist division with the two clusters of southern and eastern member states separating the most while the countries belonging to the core region are mixing during cluster formation. The article shares the view that capitalist types should be evaluated from a boarder perspective (a competitiveness point of view along economic, social, institutional upgrading channels and dependency perspective). Overall results re-confirm the existence of peripheral capitalist models, whose catching up ability and sustainability are doubtful as they are characterized by permanent resource outflows that could not be solved without a (democratic) reform of the institutional side.https://ejce.liuc.it/articles/ejce017.pdfvarieties of capitalismgrowth regimeeuropean unioncluster analysis
spellingShingle Zoltan Nadoban
A snapshot of the EU’s capitalist diversity between the two recent major economic crises
The European Journal of Comparative Economics
varieties of capitalism
growth regime
european union
cluster analysis
title A snapshot of the EU’s capitalist diversity between the two recent major economic crises
title_full A snapshot of the EU’s capitalist diversity between the two recent major economic crises
title_fullStr A snapshot of the EU’s capitalist diversity between the two recent major economic crises
title_full_unstemmed A snapshot of the EU’s capitalist diversity between the two recent major economic crises
title_short A snapshot of the EU’s capitalist diversity between the two recent major economic crises
title_sort snapshot of the eu s capitalist diversity between the two recent major economic crises
topic varieties of capitalism
growth regime
european union
cluster analysis
url https://ejce.liuc.it/articles/ejce017.pdf
work_keys_str_mv AT zoltannadoban asnapshotoftheeuscapitalistdiversitybetweenthetworecentmajoreconomiccrises
AT zoltannadoban snapshotoftheeuscapitalistdiversitybetweenthetworecentmajoreconomiccrises