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Corporatism, policies and growth

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Author Info

  • Fabio Padovano

    ()

  • Emma Galli

Abstract

We investigate whether “corporatist” wage setting and policy making institutions negatively affect a) the slope of the growth path of the economy, by yielding decisions that resist the introduction of technological progress; b) the position of the growth path, through higher transaction costs involved in the policy decision making process. The estimates reveal: a) a negative partial correlation between corporatism and growth; b) a robust correlation between growth, union pervasiveness and other policy regressors; c) no significant correlation between corporatism and output level. Copyright Springer-Verlag Berlin/Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s10101-002-0061-z
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Bibliographic Info

Article provided by Springer in its journal Economics of Governance.

Volume (Year): 4 (2003)
Issue (Month): 3 (November)
Pages: 245-260

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Handle: RePEc:spr:ecogov:v:4:y:2003:i:3:p:245-260

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Web page: http://link.springer.de/link/service/journals/10101/index.htm

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Related research

Keywords: Corporatist governance; unions; policy outcomes; economic growth;

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Cited by:
  1. Yılmaz Kılıçaslan & Erol Taymaz, 2008. "Labor market institutions and industrial performance: an evolutionary study," Journal of Evolutionary Economics, Springer, vol. 18(3), pages 477-492, August.
  2. Kåre Johansen & Ørjan Mydland & Bjarne Strøm, 2006. "Politics in Wage setting: Does government colour matter?," Working Paper Series 6506, Department of Economics, Norwegian University of Science and Technology.
  3. Erik Leertouwer & Jakob de Haan, 2002. "How to Use Indicators for 'Corporatism' in Empirical Applications," CESifo Working Paper Series 728, CESifo Group Munich.

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