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Wettbewerbsfähigkeit und Dynamik institutioneller Standortbedingungen: Ein empirischer Test des "Varieties-of-Capitalism"-Ansatzes

Year:    2004

Author:    Panuescu, Mihai, Schneider, Martin

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 124 (2004), Iss. 1 : pp. 31–59

Abstract

Hall/ Soskice (2001) distinguish economies by the institutional arrangements into which companies are embedded, and they predict industry-specific comparative advantages: Liberal market economies (LMEs) such as the U.S. will hold advantages in hightech industries; coordinated market economies (CMEs) such as Germany will hold advantages in medium high-tech industries. We test this theory on data for 26 OECD countries. In cluster analyses, the two varieties of capitalism are affirmed. Liberal market economies specialize in high-tech industries, and coordinated market economies in medium high-tech industries, as predicted. In addition to the two varieties of capitalism, however, we identify as additional clusters the Mediterranean and the eastern European countries, and we find Japan as a special case. Moreover, the clusters cannot be considered as stable: From 1990 to 1999, a number of countries moves, in terms of their institutional arrangements, toward the liberal market model.

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/schm.124.1.31

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 124 (2004), Iss. 1 : pp. 31–59

Published online:    2004-01

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    29

Author Details

Panuescu, Mihai

Schneider, Martin

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