RT Journal Article
T1 Revisiting varieties of capitalism: an empirical analysis of the institutional determinants of innovation in Germany
A1 Herrero Alba, Daniel
A1 López Gallego, Julián
AB This paper applies the varieties of capitalism (VoC) theory of innovation to a country-case study: Germany. Drawing on a firm-level data set, the article measures the joint impact of a set of coordinated institutions—regarding the four institutional arenas highlighted by VoC—on incremental, radical, process innovation and imitations. Furthermore, to properly assess the effect of institutions, the probability to innovate is calculated across industries, export status and firm sizes. Evidence from logit modelling points to the crucial role of the selected group of institutions for all types of innovation, suggesting that the main road to innovation in Germany is a non-market corporate strategy, and that the VoC approach might be renewed.
PB Springer Link
YR 2022
FD 2022
LK https://hdl.handle.net/20.500.14352/98745
UL https://hdl.handle.net/20.500.14352/98745
LA eng
NO Herrero, D., López-Gallego, J. Revisiting varieties of capitalism: an empirical analysis of the institutional determinants of innovation in Germany. SN Bus Econ 2, 99 (2022).
NO Universidad Complutense de Madrid
DS Docta Complutense
RD 6 abr 2025