This paper contributes to the understanding of the diversity of capitalism by combining approaches from comparative political economy and development studies, notably developmental state theory. We show that different types of capitalism react differently to global shocks and offer some support...

This study investigates the implications of models of capitalism for the responsiveness of countries' fiscal policies during business cycles using new data for OECD countries and China. We expand the literature by adding the category of East Asian non-liberal capitalism to the established...