Varieties of Capitalism and institutional comparative advantage: A test and reinterpretation

  title={Varieties of Capitalism and institutional comparative advantage: A test and reinterpretation},
  author={Michael A. Witt and Gregory Jackson},
  journal={Journal of International Business Studies},
How do national-level institutions relate to national comparative advantages? We seek to shed light on this question by exploring two different sets of hypotheses based on the Varieties of Capitalism and other branches of comparative capitalisms literature. Applying fuzzy-set qualitative comparative analysis to data from 14 industries in 22 countries across 9 years, we find that comparative advantages in industries with radical innovation emerge in specific configurations mixing coordinated and… 

Escape FDI and the Varieties of Capitalism: Why History Matters in International Business

This paper addresses the need for a stronger perspective of history in International Business research. In order to illustrate this matter, we will discuss the topic of ‘escape FDI’ as a motive for

Toward a Conceptual Framework for Understanding Institutional Change in Japanese Capitalism: Structural Transformations and Organizational Diversity

"The literature on comparative capitalism sees institutions largely as a set of incentives and constraints on rational behavior of business enterprises. Institutions constrain economic action, but

Explaining economic growth in advanced capitalist democracies: varieties of capitalism and welfare production regimes

Why do some advanced capitalist democracies experience relatively higher economic growth rates? In this paper, it is argued that complementarities between varieties of coordination and systems of

Institutional duality and human resource management practice in foreign subsidiaries of multinationals

We examine how institutional context affects the decisions that subsidiaries of multinational corporations (MNCs) make in pursuing particular human resource management (HRM) practices in response to

Mapping the Business Systems of 61 Major Economies: A Taxonomy and Implications for Varieties of Capitalism and Business Systems Research

Efforts to build a universal theory of the world’s business systems require empirical grounding in an understanding of the variety that need explaining. To support such theorizing, we analyzed the

Does capitalism (still) come in varieties?

  • C. Hay
  • Economics
    Review of International Political Economy
  • 2019
Abstract That capitalisms vary and that these capitalisms neatly resolve themselves into distinct and discrete ‘varieties of capitalism’ is an almost foundational claim of contemporary comparative

Comparing capitalisms and taking institutional context seriously

A major limitation of existing international business (IB) research remains the rather thin view of institutional context. In this retrospective, we reflect upon and highlight different strategies



Institutional change in varieties of capitalism

Contemporary approaches to varieties to capitalism are often criticized for neglecting issues of institutional change. This paper develops an approach to institutional change more extended than the

Empirical Evidence Against Varieties of Capitalism's Theory of Technological Innovation

  • M. Taylor
  • Economics
    International Organization
  • 2004
How can one explain cross-national differences in innovative activity across the industrialized democracies? In this article, I examine the “varieties of capitalism” (VOC) response to this question.

Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe

This article enlarges the existing literature on the varieties of capitalism by identifying a third basic variety that does not resemble the liberal market economy or coordinated market economy

The varieties of capitalism paradigm: not enough variety?

This paper attempts to shed light on some of the unstated assumptions of the varieties of capitalism framework by comparing it with its 'close relative'-that is, transaction cost economics-as well as

Varieties of capitalism, governance, and high‐tech export performance

Purpose – This paper aims to assess the extent to which convergence in institutional regimes is likely to occur, by examining all ten new EU member states in Central and Eastern Europe in terms of

Mapping the institutional capital of high-tech firms: A fuzzy-set analysis of capitalist variety and export performance

We examine how institutional configurations, not single institutions, provide companies with institutional capital. Building on the varieties-of-capitalism approach, it is argued that competitive

An Introduction to Varieties of Capitalism

Political economists have always been interested in the differences in economic and political institutions that occur across countries. Some regard these differences as deviations from 'best

Varieties of Asian capitalism: Toward an institutional theory of Asian enterprise

In this paper we respond to calls for an institution-based perspective on strategy. With its emphasis upon mimetic, coercive, and normative isomorphism, institutional theory has earned a

The Diversity Of Modern Capitalism

This book considers why institutional forms of modern capitalist economies differ internationally, and proposes a typology of capitalism based on the theory of institutional complementarity.