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

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  • Mihai Paunescu
  • Martin Schneider
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    Abstract

    Hall / Soskice (2001) distinguish economies by the institutional arrangements into which companies are embedded, and they predict industry-specific compara-tive advantages: Liberal market economies (LMEs) such as the U.S. will hold advantages in high-tech 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 indus-tries, and coordinated market economies in medium high-tech industries, as pre-dicted. In addition to the two varieties of capitalism, however, we identify as ad-ditional clusters the Mediterranean and the eastern European countries, and we find Japan as a special case. Moreover, the clusters cannot be considered as sta-ble: From 1990 to 1999, a number of countries moves, in terms of their institu-tional arrangements, toward the liberal market model.

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    Bibliographic Info

    Article provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.

    Volume (Year): 124 (2004)
    Issue (Month): 1 ()
    Pages: 31-59

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    Handle: RePEc:aeq:aeqsjb:v124_y2004_i1_q1_p31-59

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    Web: http://www.duncker-humblot.de/index.php/zeitschriften/wirtschafts-undsozialwissenschaften/schmollersjahrbuch-1.html

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    Cited by:
    1. repec:pdn:ciepap:31 is not listed on IDEAS
    2. Buchen, Clemens, 2010. "Emerging economic systems in Central and Eastern Europe – a qualitative and quantitative assessment," EconStor Theses, ZBW - German National Library of Economics, number 37141.
    3. B. Michael Gilroy & Elmar Lukas & Christian Heimann, 2013. "Technologiestandort Deutschland und internationale Wissensspillover, Welchen Einfluss nehmen auslaendische MNU auf deutsche Exporte?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 233(5-6), pages 575-599, October.

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