{"id":83825,"date":"2024-01-22T08:51:08","date_gmt":"2024-01-22T07:51:08","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/83825\/"},"modified":"2024-11-06T23:40:03","modified_gmt":"2024-11-06T22:40:03","slug":"sozialpartnerschaft-aus-sicht-der-neuen-institutionenoekonomie","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/83825\/","title":{"rendered":"Social Partnership and Growth of the Austrian Economy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-83825","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Over the past five decades of the Second Republic, Austria has advanced from one of the poorest among the industrialized European countries to one of the richest. While many observers agree that rapid economic growth was favored to a large extent by the system of social partnership, this judgment has always been difficult to support by economic theory; the only promising approaches were offered by game theory and decision making under uncertainty. Further theoretical considerations have been advanced more recently to capture the economic effects of social partnership. Among these are the (though more empirically oriented) debate about corporatism and the New Institutional Economics. The latter emphasizes the importance of the \"rules of the game\" for economic development. They comprise not only efficient legal institutions and regulations, but also the manifold informal guidelines which govern the economic process. This comprehensive network designed for the long perspective may not only lower the cost of economic transactions, but also reduce uncertainties and therefore stabilize expectations of economic agents. In this way, an explanation of economic growth is offered not only for the past (industrialization) and for different regions (developing countries), but also for growth differentials in highly advanced societies. A number of international studies showed social partnership to be among those institutions which may effectively boost the rate of growth of an economy. Highly centralized labor unions tend to pay more heed to macroeconomic realities and requirements when formulating their wage demands than smaller ones competing among each other. In this way, wage behavior may adjust timely and with little social cost to external shocks whereas otherwise it will often do so only under the pressure of higher unemployment. The existence of social partnership and its bodies (Parity Commission) guarantees that different economic interests will not lead to severe social conflicts \u2013 as is demonstrated by the fact that Austria, together with Switzerland, exhibits the lowest ratio of labor strikes among all industrialized countries. The stability which rests on the sustainability of these relations reduces the uncertainty for corporate management decisions and thereby exerts a positive effect on investment. In this context, foreign authors stress the important role of the Austrian Chambers; their strong position, based on compulsory membership, would allow them to go a long way in respecting macroeconomic concerns. Austria's access to the EU, while narrowing the scope for economic policy, should rather strengthen the role of social partnership: with the implementation of the European Monetary Union wage policy will become the single most important instrument remaining within the responsibility of national authorities to secure a country's international competitiveness.","onlinedate":"1995-10-01 01:00:00","lang":"German","publication_series":"","publication_date":"19951001","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie; Social Partnership and Growth of the Austrian Economy\"]","jelcodes":"[]","related_publications":"[]","pdf":275180,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"68","monthly_report_pages":"644-654","monthly_report_pages_sort":"644","issue":"10","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3541],"persons_data":"[{\"personId\":3541,\"personName\":\"Felix Butschek\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Butschek, F.<\\\/span> (1995). <span>Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>68<\\\/em>(10), 644-654. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/219\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/219<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Butschek F<\\\/span>. <span class=\\\"title\\\"><span>Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1995 Oct;68(10):644-654.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{3f923a7aa03649bb91f68194f282b4de,<\\\/div><div>  title    = \\\"Sozialpartnerschaft aus Sicht der Neuen Institutionen{\\\\\\\"o}konomie\\\",<\\\/div><div>  abstract = \\\"{\\\\\\\"O}sterreich entwickelte sich nach dem Zweiten Weltkrieg von einem der {\\\\\\\"a}rmsten zu einem der reichsten Staaten des industrialisierten Europa. Viele Analytiker vertreten die Auffassung, da{\\\\ss} die Sozialpartnerschaft wesentlichen Anteil an dieser au{\\\\ss}erordentlichen Expansion trage. Bisher konnte jedoch diese Hypothese theoretisch kaum untermauert werden. Die {\\\"}Neue Institutionen{\\\\\\\"o}konomie{\\\"} stellt nunmehr daf{\\\\\\\"u}r das analytische Instrumentarium zur Verf{\\\\\\\"u}gung. Der Artikel untersucht die Bedeutung der Sozialpartnerschaft f{\\\\\\\"u}r das Wirtschaftswachstum {\\\\\\\"O}sterreichs im Lichte dieser neueren theoretischen Entwicklung.\\\",<\\\/div><div>  keywords = \\\"Sozialpartnerschaft aus Sicht der Neuen Institutionen{\\\\\\\"o}konomie; Social Partnership and Growth of the Austrian Economy, Sozialpartnerschaft aus Sicht der Neuen Institutionen{\\\\\\\"o}konomie; Social Partnership and Growth of the Austrian Economy\\\",<\\\/div><div>  author   = \\\"Felix Butschek\\\",<\\\/div><div>  year     = \\\"1995\\\",<\\\/div><div>  month    = oct,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"68\\\",<\\\/div><div>  pages    = \\\"644--654\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie<\\\/p><p>AU  - Butschek, Felix<\\\/p><p>PY  - 1995\\\/10<\\\/p><p>Y1  - 1995\\\/10<\\\/p><p>N2  - \u00d6sterreich entwickelte sich nach dem Zweiten Weltkrieg von einem der \u00e4rmsten zu einem der reichsten Staaten des industrialisierten Europa. Viele Analytiker vertreten die Auffassung, da\u00df die Sozialpartnerschaft wesentlichen Anteil an dieser au\u00dferordentlichen Expansion trage. Bisher konnte jedoch diese Hypothese theoretisch kaum untermauert werden. Die \\\"Neue Institutionen\u00f6konomie\\\" stellt nunmehr daf\u00fcr das analytische Instrumentarium zur Verf\u00fcgung. Der Artikel untersucht die Bedeutung der Sozialpartnerschaft f\u00fcr das Wirtschaftswachstum \u00d6sterreichs im Lichte dieser neueren theoretischen Entwicklung.<\\\/p><p>AB  - \u00d6sterreich entwickelte sich nach dem Zweiten Weltkrieg von einem der \u00e4rmsten zu einem der reichsten Staaten des industrialisierten Europa. Viele Analytiker vertreten die Auffassung, da\u00df die Sozialpartnerschaft wesentlichen Anteil an dieser au\u00dferordentlichen Expansion trage. Bisher konnte jedoch diese Hypothese theoretisch kaum untermauert werden. Die \\\"Neue Institutionen\u00f6konomie\\\" stellt nunmehr daf\u00fcr das analytische Instrumentarium zur Verf\u00fcgung. Der Artikel untersucht die Bedeutung der Sozialpartnerschaft f\u00fcr das Wirtschaftswachstum \u00d6sterreichs im Lichte dieser neueren theoretischen Entwicklung.<\\\/p><p>KW  - Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie; Social Partnership and Growth of the Austrian Economy<\\\/p><p>KW  - Sozialpartnerschaft aus Sicht der Neuen Institutionen\u00f6konomie; Social Partnership and Growth of the Austrian Economy<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 68<\\\/p><p>SP  - 644<\\\/p><p>EP  - 654<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Social Partnership and Growth of the Austrian Economy - 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