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This chapter provides quantitative analyses exploring the relationship between political institutions and capitalist variation for 18 OECD countries, spanning the years 1960–2006 and establishes which political institutions serve as the strongest indicator of capitalist variation, assist in estimating causal effects, and lend further support to the proposed causal theory. Lastly, the analysis explains the relationships between specific political institutions and the economic institutions—corporate governance, internal firm structure, industrial relations and training systems, and inter-firm relations—which compose the coordinated market and liberal market dichotomy. By examining the effects of various configurations of political institutions on the disaggregated arenas of liberal market economies (LMEs) and coordinated market economies (CMEs), it is hoped that multiple causal processes, if evident, will be revealed.
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- Quantitative Analysis of Varieties of Capitalism
Matthew P. Arsenault
- Chapter 4
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