Varieties of Capitalism and Institutional Complementarities in the Political Economy

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Varieties of Capitalism and Institutional Complementarities in the Political Economy

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Title: Varieties of Capitalism and Institutional Complementarities in the Political Economy
Author: Hall, Peter A.; Gingerich, Daniel W.

Note: Order does not necessarily reflect citation order of authors.

Citation: Hall, Peter A., and Daniel W. Gingerich. 2009. Varieties of capitalism and institutional complementarities in the political economy. British Journal of Political Science 39(3): 449-482.
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Abstract: This article provides a statistical analysis of core contentions of the ‘varieties of capitalism’ perspective on comparative capitalism. The authors construct indices to assess whether patterns of co-ordination in the OECD economies conform to the predictions of the theory and compare the correspondence of institutions across subspheres of the political economy. They test whether institutional complementarities occur across these subspheres by estimating the impact of complementarities in labour relations and corporate governance on growth rates. To assess the durability of varieties of capitalism, they report on the extent of institutional change in the 1980s and 1990s. Powerful interaction effects across institutions in the subspheres of the political economy must be considered if assessments of the economic impact of institutional reform in any one sphere are to be accurate.
Published Version: doi:10.1017/S0007123409000672
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:4481421

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  • FAS Scholarly Articles [7588]
    Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
 
 

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