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

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Panuescu, M., Schneider, M. Wettbewerbsfähigkeit und Dynamik institutioneller Standortbedingungen: Ein empirischer Test des "Varieties-of-Capitalism"-Ansatzes. Journal of Contextual Economics – Schmollers Jahrbuch, 124(1), 31-59. https://doi.org/10.3790/schm.124.1.31
Panuescu, Mihai and Schneider, Martin "Wettbewerbsfähigkeit und Dynamik institutioneller Standortbedingungen: Ein empirischer Test des "Varieties-of-Capitalism"-Ansatzes" Journal of Contextual Economics – Schmollers Jahrbuch 124.1, 2004, 31-59. https://doi.org/10.3790/schm.124.1.31
Panuescu, Mihai/Schneider, Martin (2004): Wettbewerbsfähigkeit und Dynamik institutioneller Standortbedingungen: Ein empirischer Test des "Varieties-of-Capitalism"-Ansatzes, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 124, iss. 1, 31-59, [online] https://doi.org/10.3790/schm.124.1.31

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

Panuescu, Mihai | Schneider, Martin

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 124 (2004), Iss. 1 : pp. 31–59

10 Citations (CrossRef)

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Article Details

Panuescu, Mihai

Schneider, Martin

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Abstract

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