Farkas Beáta: Institutional areas of the market economy and their contribution to the growth and performance of economies. In: Studies in international economics and finance. pp. 19-33. (2011)
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Abstract
The school of Varieties of Capitalism (VoC) has developed a theoretical framework for comparative analysis, which is used for studying developed national economies. The authors consider it sociological evident that different institutional areas and subsystems (product markets, the labour market, the financial sector, social protection and the welfare state, and the education system) should be studied in order to model the social system of production. Besides the creation of the models of capitalism, in these works the question is hidden whether capitalism has more competitive models. The review of the macroeconomic and econometric studies persuasively prove that the institutional areas examined in the most influential works of the VoC literature are all relevant with respect to the performance of economy and growth, like their characteristics, based on which the different models are typified. At the same time it is instructive that there is no unambiguous correlation in the subsystems – especially in the case of the labour market, social protection and education – between the institutional system and economic growth, and thus there is a scope for economic and socio-political options among the different sets of institutions.
| Item Type: | Book Section |
|---|---|
| Journal or Publication Title: | Studies in international economics and finance |
| Date: | 2011 |
| ISSN: | 1588-8533 |
| ISBN: | 978-963-315-055-9 |
| Page Range: | pp. 19-33 |
| Series Name: | SZTE Gazdaságtudományi Kar közleményei |
| Language: | English |
| Related URLs: | http://acta.bibl.u-szeged.hu/37423/ |
| Uncontrolled Keywords: | Piackutatás - kapitalista, Piacgazdaság |
| Additional Information: | Bibliogr.: p. 31-33. ; összefoglalás angol nyelven |
| Subjects: | 05. Social sciences 05. Social sciences > 05.02. Economics and business |
| Date Deposited: | 2016. Oct. 17. 10:39 |
| Last Modified: | 2022. Mar. 02. 07:46 |
| URI: | http://acta.bibl.u-szeged.hu/id/eprint/36224 |
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