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.
Similar content being viewed by others
Author information
Authors and Affiliations
Corresponding author
Additional information
Received: October 1999, Accepted: October 2002,
JEL Classification:
J51, P41
We wish to thank Sebastiano Bavetta, Domenico da Empoli, Ernesto Felli, Massimo Finoia, Gianluigi Galeotti, Kevin B. Grier, Alenka Kajzer, Hannelore Weck-Hanneman, the participants to the 1999 Meeting of the European Public Choice Society and to the seminars of the Center for Research on Economics of Institutions, as well as three anonimous referees for comments on previous versions of this paper. Financial support from the Consiglio Nazionale delle Ricerche, grant n. 98.01482.CT10 is gratefully acknowledged. The usual caveat applies.
Rights and permissions
About this article
Cite this article
Padovano, F., Galli, E. Corporatism, policies and growth. Economics of Governance 4, 245–260 (2003). https://doi.org/10.1007/s10101-002-0061-z
Issue Date:
DOI: https://doi.org/10.1007/s10101-002-0061-z