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How to Use Indicators for 'Corporatism' in Empirical Applications

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  • Erik Leertouwer
  • Jakob de Haan
  • Jakob de Haan

Abstract

There exist many indicators for corporatism. Using a latent variables approach, we extract common aspects in 29 corporatism indicators which have been suggested in the literature and find two factors that can be identified as the degree of coordination between employers and trade unions, and the organizational power of labour. Using these factors in the model of Hall and Franzese (1998) employing data for 16 OECD countries, we find that the organizational power of trade unions does not affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment.

Suggested Citation

  • Erik Leertouwer & Jakob de Haan & Jakob de Haan, 2002. "How to Use Indicators for 'Corporatism' in Empirical Applications," CESifo Working Paper Series 728, CESifo.
    • Handle: RePEc:ces:ceswps:_728
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    References listed on IDEAS

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    1. Jakob De Haan & Erik Leertouwer & Erik Meijer & Tom Wansbeek, 2003. "Measuring central bank independence: a latent variables approach," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(3), pages 326-340, August.
    2. Fabio Padovano & Emma Galli, 2003. "Corporatism, policies and growth," Economics of Governance, Springer, vol. 4(3), pages 245-260, November.
    3. Soskice, David, 1990. "Wage Determination: The Changing Role of Institutions in Advanced Industrialized Countries," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 6(4), pages 36-61, Winter.
    4. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
    5. Helge Berger & Jakob De Haan & Sylvester C.W. Eijffinger, 2001. "Central Bank Independence: An Update of Theory and Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 15(1), pages 3-40, February.
    6. Alesina, Alberto & Perotti, Roberto, 1997. "The Welfare State and Competitiveness," American Economic Review, American Economic Association, vol. 87(5), pages 921-939, December.
    7. Teulings,Coen & Hartog,Joop, 2008. "Corporatism or Competition?," Cambridge Books, Cambridge University Press, number 9780521049399, October.
    8. Hall, Peter A. & Franzese, Robert J., 1998. "Mixed Signals: Central Bank Independence, Coordinated Wage Bargaining, and European Monetary Union," International Organization, Cambridge University Press, vol. 52(3), pages 505-535, July.
    9. Lijphart, Arend & Crepaz, Markus M. L., 1991. "Corporatism and Consensus Democracy in Eighteen Countries: Conceptual and Empirical Linkages," British Journal of Political Science, Cambridge University Press, vol. 21(2), pages 235-246, April.
    10. Michael Bruno & Jeffrey D. Sachs, 1985. "Economics of Worldwide Stagflation," NBER Books, National Bureau of Economic Research, Inc, number brun85-1.
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    Cited by:

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