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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

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.

Suggested Citation

  • Mihai Paunescu & Martin Schneider, 2004. "Wettbewerbsfähigkeit und Dynamik institutioneller Standortbedingungen: Ein empirischer Test des „Varieties-of-Capitalism“-Ansatzes," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 124(1), pages 31-59.
  • Handle: RePEc:aeq:aeqsjb:v124_y2004_i1_q1_p31-59
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    Citations

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    Cited by:

    1. 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, June.
    2. Gilroy B. Michael & Lukas Elmar & Heimann Christian, 2013. "Technologiestandort Deutschland und internationale Wissensspillover / Technology Site Germany and International Knowledge Spillovers: Welchen Einfluss nehmen ausländische MNU auf deutsche Exporte? / W," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(5-6), pages 575-599, October.
    3. B. Michael Gilroy & Elmar Lukas & Christian Heimann, 2010. "Welchen Einfluss hat die Anwesenheit von ausländischen und multinationalen Unternehmungen auf die deutschen Exporte?," Working Papers CIE 31, Paderborn University, CIE Center for International Economics.

    More about this item

    JEL classification:

    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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