We investigate whether corporatist governance negatively affect growth a) directly through higher transaction costs involved in the policy decision-making process; b) indirectly, yielding growth retarding policy decisions in 18 OECD countries for the period 1960-1993. We find that corporatist governance and left wing governments do not directly reduce growth but there are robust correlations between growth, union pervasiveness and other policy regressors.
Direct and Indirect Effects of Corporatism on Economic Growth / Galli, Emma; Padovano, F.. - In: RIVISTA DI POLITICA ECONOMICA. - ISSN 0035-6468. - 91:VI(2001), pp. 5-31.
Direct and Indirect Effects of Corporatism on Economic Growth
GALLI, EMMA;
2001
Abstract
We investigate whether corporatist governance negatively affect growth a) directly through higher transaction costs involved in the policy decision-making process; b) indirectly, yielding growth retarding policy decisions in 18 OECD countries for the period 1960-1993. We find that corporatist governance and left wing governments do not directly reduce growth but there are robust correlations between growth, union pervasiveness and other policy regressors.File allegati a questo prodotto
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