The Effects of Political Institutions on Varieties of Capitalism
This book identifies and explores the mechanisms linking political institutions and variation in capitalist systems. A strong correlation exists between varieties of political regimes and varieties of capitalism: majoritarian political regimes are correla
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VARIETIES OF CAPITALISM Matthew P. Arsenault
The Effects of Political Institutions on Varieties of Capitalism
Matthew P. Arsenault
The Effects of Political Institutions on Varieties of Capitalism
Matthew P. Arsenault Mount Aloysius College Cresson, Pennsylvania, USA
ISBN 978-3-319-50891-7 ISBN 978-3-319-50892-4 (eBook) DOI 10.1007/978-3-319-50892-4 Library of Congress Control Number: 2017931361 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover image INTERFOTO / Alamy Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
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Contents
1 Political Institutions and Varieties of Capitalism 1 2 A Political Approach to Explaining Variation in Capitalist Systems 17 3 A Mixed-Method Approach to Capitalist Variation 61 4 Quantitative Analysis of Varieties of Capitalism 79 5 Political Institutions and Economic Reforms: Britain and Germany 103 6 The Economic Effects of Electoral Reform: New Zealand 141 7 Conclusion 171 References 183 Index 195
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List
Fig. 3.1 Fig. 4.1 Fig. 4.2 Fig. 5.1 Fig. 5.2 Fig. 5.3 Fig. 5.4 Fig. 6.1 Fig. 6.2 Fig. 6.3 Fig. 6.4 Fig. 6.5 Fig. 6.6
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Figures
Political institutions and market coordination Political institutions and VOC: executive-parties dimension Neocorporatism index frequencies Trends in the comparative capitalism index over time in Germany and Britain Trends in the labor organization index over time in Germany and Britain Change in business organization: Germany and Britain Change in state organization: Germany and Britain Change in the number of political parties in New Zealand Comparative capitalism index in New Zealand: 1970–2005 Labor coordination in New Zealand: 1970–2005 Business coordination in New Zealand: 1970–200
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