The Effects of Political Institutions on Varieties of Capitalism

The Effects of Political Institutions on Varieties of Capitalism

English | 20 Feb. 2017 | ISBN: 3319508911 | 218 Pages | PDF | 3.33 MB

This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correlated with liberal market economies (LMEs) and consensus political regimes are correlated with coordinated market economies (CMEs). Still, correlation is not causation. Empirical findings illustrate that partisanship and policy legacies, the number of political parties, electoral rules, and constitutional constraints are significant indicators of LMEs and CMEs. Arsenault finds that majoritarian institutions create an environment of adversarial politics and strong competition between actors, which makes credible commitment to nonmarket coordination mechanisms unlikely. Consensus institutions, on the other hand, promote an atmosphere of cooperation and coordination between actors, thus encouraging credible commitment to nonmarket coordination mechanisms. Qualitative case studies of Germany, Britain, and New Zealand confirm the quantitative findings and suggest that political regimes were instrumental in shaping the economic adjustment paths of these countries during the era of liberalization in the 1980s.

Download:

http://longfiles.com/8zogo6nnq8gk/The_Effects_of_Political_Institutions_on_Varieties_of_Capitalism.pdf.html

[Fast Download] The Effects of Political Institutions on Varieties of Capitalism


Ebooks related to "The Effects of Political Institutions on Varieties of Capitalism" :
An Authentic Account of Adam Smith
Building More Effective Unions, 2nd Edition
The Economics of Addictive Behaviours Volume I: The Private and Social Costs of Smoking and Their Re
Famine and Finance: Credit and the Great Famine of Ireland
How Europe's Economies Learn: Coordinating Competing Models
Money as a Social Institution: The Institutional Development of Capitalism
The Oxford Handbook of the Economics of the Pacific Rim
Managerial Economics & Business Strategy, 8th edition
Econometric Analysis of Model Selection and Model Testing
The Secret Club That Runs the World: Inside the Fraternity of Commodity Traders
Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.