Reinterpreting Corporatism and Explaining Unemployment: Co-ordinated and Non-co-ordinated Market Economies

Abstract

What is the role of institutions in economic performance? Neo-corporatist economists gave a clear answer to one specification of this question: namely the role of institutions in explaining unemployment in advanced industrial societies. They answered that economies with neo-corporatist institutions, in particular with strong, centralised systems of industrial relations, were more likely than other economies to produce low unemployment. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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