Mapping the business systems of 61 major economies : a taxonomy and implications for varieties of capitalism and business systems research

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dc.contributor.authorWITT, Michael A.
dc.contributor.authorKABBACH DE CASTRO, Luiz Ricardo
dc.contributor.authorAMAESHI, Kenneth
dc.contributor.authorMAHROUM, Sami
dc.contributor.authorBOHLE, Dorothee
dc.contributor.authorSAEZ, Lawrence
dc.date.accessioned2018-12-06T13:55:17Z
dc.date.available2018-12-06T13:55:17Z
dc.date.issued2018
dc.descriptionPublished: 05 April 2017en
dc.description.abstractEfforts to build a universal theory of the world's business systems require empirical grounding in an understanding of the variety that need explaining. To support such theorizing, we analyzed the institutional structures of 61 major economies, accounting for 93.5% of 2013 world GDP at purchasing power parity. We found nine main types of business systems: Highly Coordinated, Coordinated Market, Liberal Market, European Peripheral, Advanced Emerging, Advanced City, Arab Oil-Based, Emerging, and Socialist Economies. Our findings illustrate the need to go beyond the Varieties of Capitalism and Business Systems frameworks provide empirical support for the CME versus LME dichotomy for part of the OECD identify some of the business systems proposed recently as sub-types of larger clusters indicate that institutional diversity may increase with development level and cast doubt on the notions of state-led and family-led capitalism as types of business systems. Our discussion further suggests numerous avenues for theory development and empirical research.
dc.format.mimetypeapplication/pdf
dc.identifier.citationSocio-economic review, 2018, Vol. 16, No. 1, pp. 5-38
dc.identifier.doi10.1093/ser/mwx012
dc.identifier.endpage38
dc.identifier.issn1475-1461
dc.identifier.issn1475-147Xen
dc.identifier.issue1
dc.identifier.startpage5
dc.identifier.urihttps://hdl.handle.net/1814/59929
dc.identifier.volume16
dc.language.isoen
dc.publisherOxford University Pressen
dc.relation.ispartofSocio-economic review
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.licenseCreative Commons CC-BY-NC-ND
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectVarieties of capitalism
dc.subjectAfrica
dc.subjectAsia
dc.subjectCentral and Eastern Europe
dc.subjectMiddle East
dc.subjectSouth America
dc.subjectCorporate social responsibilityen
dc.subjectMarket economiesen
dc.subjectInstitutional complementarityen
dc.subjectDiversityen
dc.subjectFrameworken
dc.subjectCoevolutionen
dc.subjectInequalityen
dc.subjectGovernanceen
dc.subjectStrategyen
dc.subjectClustersen
dc.titleMapping the business systems of 61 major economies : a taxonomy and implications for varieties of capitalism and business systems research
dc.typeArticleen
dspace.entity.typePublication
eui.subscribe.skiptrue
person.identifier.orcid0000-0002-7063-5875
person.identifier.other46739
person.identifier.other32519
relation.isAuthorOfPublication2a95d38e-72f6-4a2f-9661-2a3ca055b5c7
relation.isAuthorOfPublicationfee71caa-94e2-4616-9f5d-12f53162e5b1
relation.isAuthorOfPublication.latestForDiscovery2a95d38e-72f6-4a2f-9661-2a3ca055b5c7
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