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Corporatism, policies and growth

Author

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  • Fabio Padovano

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  • 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

Suggested Citation

  • Fabio Padovano & Emma Galli, 2003. "Corporatism, policies and growth," Economics of Governance, Springer, vol. 4(3), pages 245-260, November.
  • Handle: RePEc:spr:ecogov:v:4:y:2003:i:3:p:245-260
    DOI: 10.1007/s10101-002-0061-z
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    Citations

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    Cited by:

    1. Kåre Johansen & Ørjan Mydland & Bjarne Strøm, 2007. "Politics in wage setting: does government colour matter?," Economics of Governance, Springer, vol. 8(2), pages 95-109, February.
    2. 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.
    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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