Institutional Hybridization and Economic Performance: The State of France, the State in France
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Abstract
Does the presence of institutional hybridization invariably lead to lower rates of economic growth? The absence of tight complementarities between the different spheres of the economy makes it harder for companies to secure market-based or strategic- inspired modes of coordination. I investigate this issue with the case of France - an institutionally hybrid economy whose relative economic performance has declined in the last decade. I highlight that the prominence of state intervention in the first four postwar decades lessened the weaknesses of institutional hybridization. Nonetheless, state dirigisme did not eliminate the shortcomings associated with a hybrid model. If anything, state intervention in France significantly contributed to stifle the development of institutional capacities of actors, most notably labour organisations, which are crucial in coordinated market economies.
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Goyer, M. (2012). Institutional Hybridization and Economic Performance: The State of France, the State in France. Warsaw Forum of Economic Sociology, 3(6), 55–68. Retrieved from https://econjournals.sgh.waw.pl/wfes/article/view/474
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References
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Molina, O., Rhodes, M., (2007), The political economy of adjustment in mixed market economies: A study of Spain and Italy, in: B. Hancke, M. Rhodes, M. Thatcher (red.), Beyond Varieties of Capitalism: Conflict, Contradictions, and Complementarities in the European Economy, Oxford: Oxford University Press.
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Palier, B., Thelen K., (2010), Institutionalizing dualism: Complementarities and change in France and Germany, "Politics and Society", 38:119-148.
Roe, M., (1998), Backlash, "Columbia Law Review" 98: 217-241.
Ross, G., (1982), The perils of politics: French unions and the crisis of the 1970s, in: R Lange, G. Ross, M. Vannicelli (red.), Unions, Change and Crisis: French and Italian Union Strategy and the Political Economy, 1945-1980, London: George Allen & Unwin.
Saint-Étienne, C., (1996), Financement de l'Economie et Politique Financière, Paris: Hachette.
Schmidt, V., (2007), Trapped by their ideas: French elites discourses of European integration and globalization, "Journal of European Public Policy" 14: 999-1009.
Sellier, F., Silvestre J-J., (1986), Unions policies and the economic crisis in France, in: R. Edwards, P. Garonna, F. Todtling (red.), Unions in Crisis and Beyond: Perspectives from six Countries, Dover: Auburn House Publishing.
Sorge, A., (1991), Strategic fit and the societal effect: Interpreting cross-national comparisons of technology, organization and human resources, "Organization Studies" 12:161-190.
Soskice, D., (1999), Divergent production regimes: Coordinated and uncoordinated market economies in the 1980s and 1990s, in: H. Kitschelt, P. Lange, G. Marks, J. Stephens (red.), Continuity and Change in Contemporary Capitalism, New York: Cambridge University Press.
Whitley, R., (2003), The institutional restructuring of organizational capabilities: The role of authority sharing and organizational careers, "Organization Studies", 24: 667-695.
Woll, C., (2005), The difficult organization of business interests: MEDEF and the political representation of French firms, Discussion Paper
Attali, J., (2008), Rapport de la Commission pour la Libération de la Croissance Française, Paris: La Documentation Française.
Berger, S., (1995), The coming protectionism: Trade and identity in France", in: G. Flynn, (red.), Remaking the Hexagon: The New France in the New Europe, Boulder: Westview press.
Berger, S., (2003), Notre Première Mondialisation: Leçons dun Echec Oublié, Paris: Seuil.
Boyer, R., (1995), Wage austerity and/or an educational push: The French dilemma, "Labour", 9:19-65.
Culpepper, Pepper (2003), Creating Cooperation: How States develop Human Capital in Europe, Ithaca, NY: Cornell University Press.
Djelic, M-L., Zarlowski, P., (2005), Entreprises et gouvernance en France: Perspectives historiques et évolutions récentes", "Sociologie du Travail", 47: 451-469.
Frieden, J., (1991), Invested interests: The politics of national economic policies in a world of global finance, "International Organization", 45: 425-451.
Gallie, D., (1983), Social Inequality and Class Radicalism in France and Britain, New York: Cambridge University Press.
Goetschy, J. and Rozenblatt, P., (1992), France: The industrial relations system at a turning point?, in: A. Ferner, R. Hyman, (red.), Industrial Relations in the new Europe, Oxford: Blackwell Publishers.
Goodman, J., (1992), Monetary Sovereignty: The Politics of Central Banking in Western Europe, Ithaca, NY: Cornell University Press.
Goodman, J., Pauly L., (1993), The obsolescence of capital controls? Economic management in the age of global markets, "World Politics", 46: 50-82.
Goyer, M., (2011), Contingent Capital: Short-term Investors and the Evolution of Corporate Governance in France and Germany, Oxford: Oxford University Press.
Goyer, M., Jung, D.K., (2011), Diversity of Institutional Investors and Foreign Blockholdings in France: The Evolution of an Institutionally Hybrid Economy, "Corporate Governance: An International Review", 19: 562-584.
Hall, P., (1984), Patterns of economic policy: An organizational approach, in: Bornstein, S., Held, D. and Krieger, J., (eds.), The State in Capitalist Europe: A Casebook, London: George Allen & Unwin.
Hall, P., (1986), Governing the Economy: The Politics of State Intervention in Britain and France, New York: Oxford University Press.
Hall, P., (2006), Introduction: The politics of social change in France, in: P.D. Culpepper, P. Hall and B. Palier (eds.), Changing France: The Politics that Markets Make, London: Palgrave MacMillan.
Hall, P., (2013), The political origins of our economic discontents: Contemporary adjustment problems in historical perspective, in: M. Kahler, D.A. Lake, (red.), Politics in the New Hard Times: The Great Recession in Comparative Perspective, Itaca, NY: Cornell University Press.
Hall, P., Franzese, R.J., (1998), Mixed signals: Central bank independence, coordinated wage bargaining, and European monetary union, "International Organization", 52: 505-535.
Hall, P., Gingerich, D., (2009), Varieties of capitalism and institutional complementarities in the political economy: An Empirical Analysis, "British Journal of Political Science", 39: 449-482.
Hall, P., Soskice, D., (2001), An introduction to varieties of capitalism, in ibid, eds., Varieties of Capitalism: The Institutional Foundations of Comparative Advantage, New York: Oxford University Press.
Hall, P., Thelen, K., (2009), Institutional change in varieties of capitalism, "Socio-Economic Review" 7: 7-34.
Hancke, B., (2002), Large Firms and Institutional Change: Industrial Renewal and Economic Restructuring in France, Oxford: Oxford University Press.
Howell, C., (1992), Regulating Labor: The State and Industrial Relations Reform in Postwar France, Princeton: Princeton University Press.
Lange, P., Ross G., (1982), Conclusions: French and Italian union development in comparative perspective, in: P. Lange, G. Ross, M. Vannicelli (red.), Unions, Change and Crisis: French and Italian Union Strategy and the Political Economy, 1945-1980, London: George Allen & Unwin.
Levy, J., (1999), Tocquevilles Revenge: State, Society, and Economy in Contemporary France, Cambridge, MA: Harvard University Press.
Loriaux, M., (1991), France after Hegemony: International Change and Financial Reform, Ithaca, NY: Cornell University Press.
Maurice, M., Sellier, F., Silvestre J-J., (1986), The Social Foundations of Industrial Power: A Comparison of France and Germany, Cambridge, MA: MIT Press.
Mayer, C., (1988), New issues in corporate finance, "European Economic Review", 32:1167-1188.
Molina, O., Rhodes, M., (2007), The political economy of adjustment in mixed market economies: A study of Spain and Italy, in: B. Hancke, M. Rhodes, M. Thatcher (red.), Beyond Varieties of Capitalism: Conflict, Contradictions, and Complementarities in the European Economy, Oxford: Oxford University Press.
OECD (2004), OECD Employment Outlook, Paris: OECD.
Palier, B., Thelen K., (2010), Institutionalizing dualism: Complementarities and change in France and Germany, "Politics and Society", 38:119-148.
Roe, M., (1998), Backlash, "Columbia Law Review" 98: 217-241.
Ross, G., (1982), The perils of politics: French unions and the crisis of the 1970s, in: R Lange, G. Ross, M. Vannicelli (red.), Unions, Change and Crisis: French and Italian Union Strategy and the Political Economy, 1945-1980, London: George Allen & Unwin.
Saint-Étienne, C., (1996), Financement de l'Economie et Politique Financière, Paris: Hachette.
Schmidt, V., (2007), Trapped by their ideas: French elites discourses of European integration and globalization, "Journal of European Public Policy" 14: 999-1009.
Sellier, F., Silvestre J-J., (1986), Unions policies and the economic crisis in France, in: R. Edwards, P. Garonna, F. Todtling (red.), Unions in Crisis and Beyond: Perspectives from six Countries, Dover: Auburn House Publishing.
Sorge, A., (1991), Strategic fit and the societal effect: Interpreting cross-national comparisons of technology, organization and human resources, "Organization Studies" 12:161-190.
Soskice, D., (1999), Divergent production regimes: Coordinated and uncoordinated market economies in the 1980s and 1990s, in: H. Kitschelt, P. Lange, G. Marks, J. Stephens (red.), Continuity and Change in Contemporary Capitalism, New York: Cambridge University Press.
Whitley, R., (2003), The institutional restructuring of organizational capabilities: The role of authority sharing and organizational careers, "Organization Studies", 24: 667-695.
Woll, C., (2005), The difficult organization of business interests: MEDEF and the political representation of French firms, Discussion Paper