Journal Article

Institutional coherence and macroeconomic performance

Lane Kenworthy

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 4, issue 1, pages 69-91
Published in print January 2006 | ISSN: 1475-1461
Published online October 2005 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/SER/mwj032
Institutional coherence and macroeconomic performance

More Like This

Show all results sharing these subjects:

  • Moral Philosophy
  • Corporate Social Responsibility
  • Welfare Economics
  • Political Economy
  • Economic Sociology

GO

Show Summary Details

Preview

Peter Hall and David Soskice suggest that institutional coherence is conducive to successful macroeconomic outcomes. Countries with corporate governance arrangements, industrial relations systems and other institutions that are congruent either with those of a coordinated market economy or with those of a liberal market economy are expected to perform better, while nations with less coherent institutional frameworks are expected to fare worse. I use a measure of institutional coherence devised by Peter Hall and Daniel Gingerich and another I develop here to assess the impact of institutional coherence on variation in economic growth and employment growth across 18 affluent countries over the period 1974–2000. The results offer little support for the institutional coherence hypothesis.

Keywords: varieties of capitalism; institutions; economic performance; growth; employment; JEL classification: O40, O57, P17

Journal Article.  7840 words.  Illustrated.

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.