Structural reforms in Europe and the (in)coherence of institutions

Bruno Amable

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: The aim of this article is to analyse the consequences of some structural reforms on the institutional coherence of OECD countries, particularly Continental Europe, and on their economic performance, particularly employment. Because institutions in developed political economies are interrelated through a complex network of complementarities, institutional change has consequences beyond the area concerned by a reform. This also implies that there are complementarity effects in reforms themselves. A challenge of reform programs is therefore to achieve a new type of complementarities between reformed institutions. The paper presents empirical evidence questioning the compatibility of the ongoing structural reforms in product and labour markets with the existing institutional structures in some OECD countries. The coherence of the flexicurity strategy, i.e. a combination of labour market flexibility and generous welfare state, is also questioned, both from economic efficiency and political economy points of view

Keywords: Structural reforms; models of capitalism; flexicurity (search for similar items in EconPapers)
JEL-codes: B52 J64 P16 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2008-07
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ftp://mse.univ-paris1.fr/pub/mse/CES2008/R08063.pdf (application/pdf)

Related works:
Journal Article: Structural reforms in Europe and the (in)coherence of institutions (2009)
Working Paper: Structural reforms in Europe and the (in)coherence of institutions (2009)
Working Paper: Structural reforms in Europe and the (in)coherence of institutions (2009)
Working Paper: Structural reforms in Europe and the (in)coherence of institutions (2008)
Working Paper: Structural reforms in Europe and the (in)coherence of institutions (2008)
Working Paper: Structural reforms in Europe and the (in)coherence of institutions (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:r08063

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