Domestic Institutions and Economic Performance: ‘Cocktail Capitalism’

Lucian Cernat

Chapter 3 in Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe, 2006, pp 46-104 from Palgrave Macmillan

Abstract: Abstract In Chapter 2 it was shown that despite numerous national differences among models of capitalism, the diversity of national forms of capitalism can be organized into three basic types: Anglo-Saxon capitalism, Continental capitalism and developmental capitalism. Following these conceptual clarifications, the quantitative analysis examined the links between institutions and economic performance. One of the key conclusions drawn from that econometric analysis is that, despite the difficulty of measuring institutions and key aspects of models of capitalism, various combinations of institutional factors affect growth differently because they are integral to both political and economic activities essential for economic growth.

Keywords: Economic Performance; Trade Union; Banking Sector; Privatization Process; Domestic Institution (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50168-3_4

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DOI: 10.1057/9780230501683_4

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