Browsing Working Papers (DBP) by Author "Campbell, John L."
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Denmark and the United StatesCampbell, John L.; Pedersen, Ove K. (København, 2005)[More information][Less information]
Abstract: Despite high taxes, a large state budget and welfare state, much economic regulation, and a very open economy, Denmark continues to compete successfully against the other advanced capitalist economies. Hence, Denmark presents a paradox for neoliberalism, which predicts that these policies will hurt national competitiveness under conditions of economic globalization. Following the varieties of capitalism literature, this paper argues that Denmark’s success has been based in large part on its institutional competitiveness–its capacity to achieve socioeconomic success as a result of the competitive advantages that firms derive from operating within a particular set of political and economic institutions. The institutional basis for successfully coordinating labor markets, vocational training and skill formation programs, and industrial policy are examined for Denmark and the United States—two countries that are very different institutionally. The analysis shows that there is no one best way to achieve success in today’s global economy, except perhaps for reducing socioeconomic inequality; that the type of capitalism known as coordinated market economies are oversimplified in the literature; and that high taxes, state spending, and economic regulation can actually enhance socioeconomic performance. URI: http://hdl.handle.net/10398/7329 Files in this item: 1
institutional_comp_21.pdf (251.6Kb) -
Campbell, John L.; Pedersen, Ove K. (København, 2008)[More information][Less information]
Abstract: Comparative political economy has been dominated since the 1970s by two waves of research. The first one examined how different types of policy-making regimes affect policy making and, in turn, national economic competitiveness (e.g., Katzenstein 1978). The second one studied how different types of production regimes affect national competitiveness (e.g., Hall and Soskice 2001). Absent from all of this is much discussion about knowledge regimes. Knowledge regimes are sets of actors, organizations, and institutions that produce and disseminate policy ideas that affect how policy-making and production regimes are organized and operate in the first place. Knowledge regimes are important because they contribute data, research, theories, policy recommendations, and other ideas that influence public policy and, thus, national economic competitiveness (Baab 2001; Campbell 1998; Pedersen 2006). URI: http://hdl.handle.net/10398/7352 Files in this item: 1
wp cbp 2008-48.pdf (176.0Kb) -
Denmark in the Global EconomyCampbell, John L.; Pedersen, Ove K. (København, 2005)[More information][Less information]
Abstract: Proponents of the varieties of capitalism literature maintain that capitalist countries whose institutions best fit either the liberal market economy or coordinated market economy types will perform the best. Countries whose institutions are more mixed will perform less well. This paper challenges that assertion by focusing on Denmark—a country that has performed at least as well as many other advanced capitalist countries during the 1990s, including those that fit much more closely either the pure CME or LME types. Denmark has recently developed a more hybrid form than is generally recognized. The dynamic interaction of elements found in both liberal and coordinated types of capitalism have contributed to its success. This is demonstrated by analyses of the institutions that coordinate Danish labor markets, vocational training, and industrial policy. URI: http://hdl.handle.net/10398/7351 Files in this item: 1
Now showing items 1-3 of 3