A NEGOTIATED ECONOMY - PUBLIC REGULATION OF THE MANUFACTURING SECTOR IN DENMARK

The concept of the negotiated economy intuitively catches important de velopments in state-market relations. The fruitfulness of the recent d evelopment of the negotiated economy as a macro concept is questioned. Two theses deduced from the concept are tested against public regulat ion of the Danish manufacturing sector. Although regulatory demands on manufacturing firms have increased the complexity of the political en vironment of firms, the negotiated economy is not an adequate theoreti cal concept for describing and explaining the increased interdependenc e of state and market. The negotiated economy might be useful at the s ector or sub-sector level, but for empirical analysis the concept shou ld be more precisely defined.