Country Clustering in Comparative Political Economy

@inproceedings{Ahlquist2009CountryCI,
  title={Country Clustering in Comparative Political Economy},
  author={John S. Ahlquist and Christian Breunig},
  year={2009}
}
In the comparative political economy of rich democracies there is a long tradition of classifying countries into one of a small number of categories based on their economic institutions and policies. The most recent of these is the Varieties of Capitalism project, which posits two major clusters of nations: coordinated and liberal market economies. This classification has generated controversy. We leverage recent advances in mixture model-based clustering to see what the data say on the matter… CONTINUE READING

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