Corporatism, policies and growth

Fabio Padovano and Emma Galli

Economics of Governance, 2003, vol. 4, issue 3, 245-260

Abstract: We investigate whether “corporatist” wage setting and policy making institutions negatively affect a) the slope of the growth path of the economy, by yielding decisions that resist the introduction of technological progress; b) the position of the growth path, through higher transaction costs involved in the policy decision making process. The estimates reveal: a) a negative partial correlation between corporatism and growth; b) a robust correlation between growth, union pervasiveness and other policy regressors; c) no significant correlation between corporatism and output level. Copyright Springer-Verlag Berlin/Heidelberg 2003

Keywords: Corporatist governance; unions; policy outcomes; economic growth (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1007/s10101-002-0061-z

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