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Institutional complementarities in the dynamic comparative analysis of capitalism

Author

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  • Bruno Amable

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, IUF - Institut universitaire de France - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche, UP1 - Université Paris 1 Panthéon-Sorbonne, CEPREMAP - Centre pour la recherche économique et ses applications - ECO ENS-PSL - Département d'économie de l'ENS-PSL - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract
The concept of institutional complementarity plays an important role in the comparative analysis of capitalism. It has often been criticised for being too static and too functionalist, unable to explain change because it would propose a view of institutional forms fitting perfectly with one another. After having presented the concept and its interest for comparative capitalism, this article argues in favour of its usefulness to explain institutional change. However, in order to be integrated fruitfully into a theory of institutional change, it is necessary to have a political economy definition of complementarity, which should not take institutions as some sort of inputs in a production function, but as socio-political compromises established in historically-specific conditions.

Suggested Citation

  • Bruno Amable, 2015. "Institutional complementarities in the dynamic comparative analysis of capitalism," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01166714, HAL.
  • Handle: RePEc:hal:cesptp:hal-01166714
    DOI: 10.1017/S1744137415000211
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    Cited by:

    1. Sébastien Lechevalier & Pauline Debanes & Shin Wonkyu, 2016. "Financialization and industrial policies in Japan and Korea: Evolving complementarities and loss of institutional capabilities," Working Papers halshs-01431783, HAL.
    2. Nadia von Jacobi & Vito Amendolagine, 2021. "What Feeds on What? Networks of Interdependencies between Culture and Institutions," DEM Working Papers 2021/13, Department of Economics and Management.
    3. Randolph Luca Bruno & Saul Estrin, 2021. "Taxonomies and Typologies: Starting to Reframe Economic Systems," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 33, pages 871-896, Springer.
    4. Caroline Bertron & Anne-Elise Vélu & Hélène Buisson-Fenet & Xavier Dumay, 2024. "The Dualisation of Teacher Labour Markets, Employment Trajectories and the State in France," Work, Employment & Society, British Sociological Association, vol. 38(2), pages 318-338, April.
    5. Emre Ünal, 2021. "Economic populism and institutional changes in wage–labor relations," Evolutionary and Institutional Economics Review, Springer, vol. 18(2), pages 407-433, September.
    6. Gregory Jackson & Richard Deeg, 2019. "Comparing capitalisms and taking institutional context seriously," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(1), pages 4-19, February.
    7. Bolognesi, Thomas & Pflieger, Géraldine, 2024. "Do you perceive interdependencies among human activities related to water? Drivers and effects on preferences for participation and regulation," Ecological Economics, Elsevier, vol. 223(C).
    8. Lechevalier, Sébastien & Debanes, Pauline & Shin, Wonkyu, 2019. "Financialization and industrial policies in Japan and Korea: Evolving institutional complementarities and loss of state capabilities," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 69-85.
    9. Reale, Filippo, 2019. "Governing innovation systems: A Parsonian social systems perspective," Technology in Society, Elsevier, vol. 59(C).
    10. Nadia von Jacobi & Vito Amendolagine, 2022. "What Feeds on What? Networks of Interdependencies between Culture and Institutions," Working Papers 11, SITES.
    11. Massimiliano Vatiero, 2017. "Learning from the Swiss Corporate Governance Exception," Kyklos, Wiley Blackwell, vol. 70(2), pages 330-343, May.
    12. Georgios Maris & Floros Flouros, 2022. "Economic crisis, COVID-19 pandemic, and the Greek model of capitalism," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 469-484, April.
    13. Liu, Zhen & Ngo, Thanh Quang & Saydaliev, Hayot Berk & He, Huiyuan & Ali, Sajid, 2022. "How do trade openness, public expenditure and institutional performance affect unemployment in OIC countries? Evidence from the DCCE approach," Economic Systems, Elsevier, vol. 46(4).
    14. Catherine Locatelli, 2020. "Une lecture institutionnaliste de la réforme du secteur gazier russe," Working Papers hal-02734835, HAL.
    15. DÍAZ PEDROZA Jesús & SALINAS AGUILAR Doris Yazmin & SAUCEDO-ACOSTA Edgar J., 2019. "The Balkans as a Hierarchical Market Economy," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    16. Kostiantyn Ovsiannikov, 2018. "Impact of Shareholder-Value Pursuit on Labor Policies at Japanese Joint-Stock Companies: Case of Nikkei Index 400," Working Papers hal-01839679, HAL.
    17. Mathias Lund Larsen, 2023. "Bottom-up market-facilitation and top-down market-steering: comparing and conceptualizing green finance approaches in the EU and China," Asia Europe Journal, Springer, vol. 21(1), pages 61-80, March.
    18. Croucher, Richard & Gooderham, Paul & Rizov, Marian, 2018. "Research Performance and the Organizational Effectiveness of UK Universities," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(1), pages 22-38.
    19. Favero, Fausto, 2022. "Political economy of labor market policies for current labor market transformations in Europe," IPE Working Papers 180/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    20. Leymann, Gunnar & Lundan, Sarianna, 2023. "From structural to transition effects: Institutional dynamism as a deterrent to long-term investments by MNEs," International Business Review, Elsevier, vol. 32(3).
    21. Locatelli, C., 2020. "Une lecture institutionnaliste de la réforme du secteur gazier russe," Working Papers 2020-04, Grenoble Applied Economics Laboratory (GAEL).
    22. Nadia Jacobi & Vito Amendolagine, 2023. "What feeds on what? Networks of interdependencies between culture and institutions," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 371-412, July.
    23. Bruszt, Laszlo & Campos, Nauro F., 2018. "Economic Integration and State Capacity: Evidence from the Eastern Enlargement of the European Union," IZA Discussion Papers 11782, Institute of Labor Economics (IZA).
    24. Akcay, Ümit & Hein, Eckhard & Jungmann, Benjamin, 2021. "Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession," IPE Working Papers 158/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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