How to Use Indicators for 'Corporatism' in Empirical Applications

22 Pages Posted: 2 Sep 2002

See all articles by Erik Leertouwer

Erik Leertouwer

Economie

Jakob de Haan

University of Groningen - Faculty of Economics and Business; De Nederlandsche Bank; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: May 2002

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.

Keywords: Corporatism, Latent Variables, Unemployment, Inflation

JEL Classification: J51

Suggested Citation

Leertouwer, Erik and de Haan, Jakob, How to Use Indicators for 'Corporatism' in Empirical Applications (May 2002). CESifo Working Paper Series No. 728. Available at SSRN: https://ssrn.com/abstract=318345

Erik Leertouwer

Economie ( email )

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HOME PAGE: http://www.eco.rug.nl/medewerk/leertouwer/start.shtml

Jakob de Haan (Contact Author)

University of Groningen - Faculty of Economics and Business ( email )

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Groningen, 9700 AV
Netherlands
+31 0 50 3633706 (Fax)

De Nederlandsche Bank ( email )

P.O. Box 98
Amsterdam, 1000 AB
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

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Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

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