Pregled bibliografske jedinice broj: 1172042
Croatian Europeripheral Variety of Capitalism: a Crisis Management Limbo
Croatian Europeripheral Variety of Capitalism: a Crisis Management Limbo // The Role of State in Varieties of Capitalism: Achievements and challenges for Central and Eastern Europe and the emerging markets
Budimpešta, Mađarska, 2015. (predavanje, podatak o recenziji nije dostupan, neobjavljeni rad, znanstveni)
CROSBI ID: 1172042 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Croatian Europeripheral Variety of Capitalism: a Crisis Management Limbo
Autori
Lučev, Josip
Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni
Skup
The Role of State in Varieties of Capitalism: Achievements and challenges for Central and Eastern Europe and the emerging markets
Mjesto i datum
Budimpešta, Mađarska, 26.11.2015. - 27.11.2015
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Podatak o recenziji nije dostupan
Ključne riječi
Varieties of Capitalism ; crisis management ; fiscal policy ; unemployment ; Croatia
Sažetak
The original Varieties of Capitalism formulation identified institutional complementarities in developed countries based on the predominant types of coordination in the vocational training, financial system, industrial relations, and both inter- and intra-firm relations to produce Coordinated Market Economies and Liberal Market Economies (Hall and Soskice, 2001). This set of institutional relations has also been expanded to macroeconomic policy in times of crisis (Soskice, 2007 ; Carlin and Soskice, 2009), in that the LME countries are prone to discretionary anti-cyclical policies, and CME countries are prone to conservative pro-cyclical policies. The widespread 2009 GDP contractions present us with a natural experiment which predates the EU fiscal rules, and can be used to gauge institutional complementarity based responses. In particular, Croatia is difficult to place within the VofC framework as it exhibits hybrid qualities – not unlike many other peripheral states within or hinging on the Eurozone. There are a number of studies suggesting CME like structures in Croatia (see Lučev and Babić, 2013). However, there might be many unrecognized, but pertinent incentive/disincentive structures related to international trade position, welfare state regime and inefficiencies stemming from corruption and clientelism issues. This paper will utilize hierarchical clustering (2009 data) to ascertain the crisis positioning of LME, CME and other possible clusters, including Mediterranean and Visegrád countries (see Nölke and Vliegenthart, 2009).
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija, Politologija
