scholarly journals The Effect of Varieties of Capitalism on the Relationship of Institutional Gearing and Economic Growth

2020 ◽  
Vol 31 (3) ◽  
pp. 262-269 ◽  
Author(s):  
Marisol Borges ◽  
Edgar Juan Saucedo-Acosta ◽  
Jesús Diaz-Pedroza
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Varieties Of Capitalism ◽  
Market Economies ◽  
Coordinated Market Economies ◽  
Liberal Market Economies ◽  
Main Determinants ◽  
Relationship Of ◽  
Determinants Of Economic Growth ◽  
The Relationship

The ways the firm solves coordination problems with the different stakeholders (or the varieties of capitalism of nations) affect economic performance. Institutional gearing is one of the main determinants of economic growth. Nevertheless, there are no studies that analyse the effect of varieties of capitalism on the relationship of institutional gearing and economic growth. The objective of the paper is to estimate the effect of the variety of capitalism on the relationship between the institutional gearing index and other macroeconomic control variables on the GDP per capita in a group of developed and developing countries. To do that 3 panel data models were estimated: one with fixed effects and two with random effects, for 31 countries for the period 2011-2015. We used 16 Coordinated Market Economies and Liberal Market Economies and 15 Hierarchical Market Economies. The results showed the varieties of capitalism affect the relationship between institutional gearing and economic growth. In the Coordinated Market Economies and Liberal Market Economies this effect is higher than in Hierarchical Market Economies. Governments of Hierarchical Market Economies should not only apply public policies to build functional institutions, but also encourage the positive complementarities among them.

scholarly journals The Determinants of Economic Growth in CEMAC through a Panel Data Approach

2016 ◽  
Vol 4 (2) ◽  
pp. 483
Author(s):  
Nzingoula Gildas Crepin
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fixed Effects ◽  
Good Governance ◽  
Generalized Method Of Moments ◽  
Central Africa ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Main Determinants ◽  
Determinants Of Economic Growth

<div><p><em>This article highlights through a panel data approach the determinants of economic growth; observed over the last decade in the Economic and Monetary Community of Central Africa (CEMAC) and necessary to reach emerging economies stage. To do this, we essentially used Stata 12 software to come up with the results, and a panel data sample comprising six CEMAC member states, namely Congo, Cameroon, Gabon, Equatorial Guinea, Central African Republic and Chad, for the period ranging from 2000 to 2013. The results obtained after estimating ordinary least squares, fixed effects model, random effects model, generalized method of moments (GMM) and specification tests show that the best model to estimate these types of data is the fixed effects model. Besides, the main determinants of economic growth in CEMAC over that period are Foreign Direct Investment (FDI) and loans lending to the economy (LOAN). After estimation, FDI is found positive and significant on economic growth, while LOAN is significant and found negative maybe due to lack of good governance.</em></p></div>

scholarly journals Varieties of Capitalism and Fiscal Stimulus, 2008–2010

2015 ◽  
Vol 5 (2) ◽  
pp. 56-69
Author(s):  
Nicholas Toloudis
Keyword(s):  
Multivariate Analysis ◽  
Fiscal Policy ◽  
Oecd Countries ◽  
Varieties Of Capitalism ◽  
Fiscal Stimulus ◽  
Fiscal Institutions ◽  
Market Economies ◽  
Coordinated Market Economies ◽  
Political Partisanship ◽  
Liberal Market Economies

AbstractThis paper tests the Varieties of Capitalism (VoC) framework to explain variation in fiscal stimulus measures across OECD countries in response to the 2008-2010 economic crisis. Following Soskice (2007), I argue that coordinated market economies are less flexible with fiscal policy than liberal market economies. Multivariate analysis across 23 OECD countries demonstrates that VoC is more powerful than three competing theories: fiscal institutions, which hypothesizes more stimulus in countries with less restrictive budgetary rules; debt credibility, which hypothesizes more stimulus in less indebted countries; and political partisanship, which hypothesizes more stimulus in countries governed by the left.

scholarly journals Die Finanzialisierungslücke der Varieties of Capitalism

2013 ◽  
Vol 43 (172) ◽  
Author(s):  
Stefan Beck ◽  
Christoph Scherrer
Keyword(s):  
Varieties Of Capitalism ◽  
Market Economies ◽  
Coordinated Market Economies ◽  
Liberal Market Economies

While the Varieties of Capitalism (VoC) approach is strong on pointing out the complementarities among national modes of accumulation, it falls short on capturing the dynamics of finance. From a regulationist perspective, its simple dichotomy of bank based versus market based finance overlooks functional equivalences and thus overemphasizes differences. The market based systems are misrepresented; in reality they do not conform to the ideals of transparency and dispersed shareholding. According to VoC, financialization emanates from the liberal market economies. However, the export successes of the coordinated market economies brought about financialization in the market systems by eliminating some of their industries. Most importantly, the VoC focus on firms treats finance as a service to companiesand not as a profit driven sector on its own.

Studying comparative capitalisms by going left and by going deeper

2014 ◽  
Vol 38 (1) ◽  
pp. 18-30 ◽  
Author(s):  
David Coates
Keyword(s):  
Theoretical Framework ◽  
Varieties Of Capitalism ◽  
Recent Attempt ◽  
Original Formulation ◽  
Market Economies ◽  
Coordinated Market Economies ◽  
Liberal Market Economies ◽  
Comparative Capitalisms

The article charts the continuing attempt to breathe fresh life into the original Hall and Soskice distinction between liberal market economies (LMEs) and coordinated market economies (CMEs). It surveys the critique of that original formulation from within the dominant ‘varieties of capitalism’ paradigm, and the recent attempt by Wolfgang Streeck to replace the LME-CME focus with a new institutionalist understanding of capitalism and its varieties. That move ‘to bring capitalism back in’ is welcome but inadequate, acting only as a beachhead out of which we now need to break, armed with a revitalised sense of the importance of Marxism as a theoretical framework with which to understand capitalist dynamics, capitalist institutional variations and capitalist contradictions.

The Relationship of Political Party Affiliation to Wildlife Conservation Attitudes

2001 ◽  
Vol 20 (1) ◽  
pp. 3-12 ◽  
Author(s):  
Brian Czech ◽  
Rena Borkhataria
Keyword(s):  
Economic Growth ◽  
Endangered Species ◽  
Political Party ◽  
Wildlife Conservation ◽  
Species Conservation ◽  
Endangered Species Act ◽  
Party Affiliation ◽  
Political Party Affiliation ◽  
Relationship Of ◽  
The Relationship

Species conservation via the Endangered Species Act is highly politicized, yet few data have been gathered to illustrate the relationship of political party affiliation to species conservation perspectives. We conducted a nationwide public opinion survey and found that Democrats value species conservation more highly than do Republicans, and that Democrats are also more strongly supportive of the Endangered Species Act. Republicans place higher value on property rights than do Democrats, but members of both parties value economic growth as highly as wildlife conservation. The results imply that the Democratic propensity to value species conservation reflects a biocentric perspective that does not bode well for practical conservation efforts. Species conservation will depend upon the success of academicians and progressive political leaders in educating students and members of all parties about the fundamental conflict between economic growth and wildlife conservation.

scholarly journals Low birth weight, preterm birth and small for gestational age association with adult depression: systematic review and meta-analysis

2014 ◽  
Vol 205 (5) ◽  
pp. 340-347 ◽  
Author(s):  
Christian Loret De Mola ◽  
Giovanny Vinícius Araújo De França ◽  
Luciana de Avila Quevedo ◽  
Bernardo Lessa Horta
Keyword(s):  
Birth Weight ◽  
Low Birth Weight ◽  
Gestational Age ◽  
Premature Birth ◽  
Fixed Effects ◽  
Meta Analysis ◽  
Adult Depression ◽  
Meta Analyses ◽  
Relationship Of ◽  
The Relationship

BackgroundThere is no consensus on the effects that low birth weight, premature birth and intrauterine growth have on later depression.AimsTo review systematically the evidence on the relationship of low birth weight, smallness for gestational age (SGA) and premature birth with adult depression.MethodWe searched the literature for original studies assessing the effect of low birth weight, premature birth and SGA on adult depression. Separate meta-analyses were carried out for each exposure using random and fixed effects models. We evaluated the contribution of methodological covariates to heterogeneity using meta-regression.ResultsWe identified 14 studies evaluating low birth weight, 9 premature birth and 4 SGA. Low birth weight increased the odds of depression (OR = 1.39, 95% CI 1.21–1.60). Premature birth and SGA were not associated with depression, but publication bias might have underestimated the effect of the former and only four studies evaluated SGA.ConclusionsLow birth weight was associated with depression. Future studies evaluating premature birth and SGA are needed.

Study on the Relationship between Energy Consumption, Carbon Emission and Economic Growth in China

2013 ◽  
Vol 869-870 ◽  
pp. 746-749
Author(s):  
Tian Tian Jin ◽  
Jin Suo Zhang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Energy Structure ◽  
Ardl Model ◽  
Relationship Of ◽  
The Relationship ◽  
Reducing Energy

Abstract. Based on ARDL model, this paper discussed the relationship of energy consumption, carbon emission and economic growth.The results indicated that the key to reduce carbon emissions lies in reducing energy consumption, optimizing energy structure.

scholarly journals Governance and Financial Difficulties of Conventional Banks

2019 ◽  
Vol 2 (2) ◽  
pp. 121-134
Author(s):  
La Ode Sumail
Keyword(s):  
Fixed Effects ◽  
Large Scale ◽  
Lagrange Multiplier Test ◽  
Fixed Effects Model ◽  
Insider Ownership ◽  
Financial Difficulties ◽  
Private Banks ◽  
Conventional Banks ◽  
Relationship Of ◽  
The Relationship

This study examines the connection between governance, financial performance, and financial difficulties of 27 conventional private banks during the pe3riod of 2015-2018. In order to meet the accuracy of the model in the regression analysis, the Lagrange Multiplier test was previously performed so that the Fixed Effects model was chosen. The relationship of insider ownership with ROA tends to be in the shape of inversed-U and the relationship between institutional ownership and ROA is significantly positive. The relationship between ROA and financial difficulties is significantly negative. Older or established large scale banks tend to have high ROA. This happens because the greater the assets, the healthier the cash flow of the bank, so that the potential for return of asset is quite high and financial difficulties tend to be low or avoidable.

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