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Comparative institutional advantage: an obituary

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  • Reale, Filippo

Abstract

The article traces the remains of the theory of “comparative institutional advantage†, which was crucial during the early development of the “varieties of capitalism†approach to economics but fell into oblivion quickly afterwards. It follows the discussions of the concept over time and works out possible reasons – theoretical, methodological, and discursive – for the theory's decay. In conclusion, many arguments of the theory seem outdated today but it is a great witness to the zeitgeist of comparative political economy and institutional theory of the millennium.

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  • Reale, Filippo, 2019. "Comparative institutional advantage: an obituary," Journal of Institutional Economics, Cambridge University Press, vol. 15(4), pages 569-578, August.
    • Handle: RePEc:cup:jinsec:v:15:y:2019:i:04:p:569-578_00
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    Cited by:

    1. Reale, Filippo, 2019. "Governing innovation systems: A Parsonian social systems perspective," Technology in Society, Elsevier, vol. 59(C).
    2. Tereza Nìmeèková & Arshad Hayat, 2022. "Does trade openness improve the quality of domestic institutions? Evidence from Africa," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(4), pages 881-908, December.

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