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Book chapter
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English

European growth models before and after the great recession

Published inGrowth and Welfare in Advanced Capitalist Economies, Editors Hassel, A. & Palier, B., p. 98-134
PublisherOxford : Oxford University Press
Publication date2021
Abstract

This chapter contributes to the further development of the growth model framework, in particular by beginning to tackle the relationship between growth models and macroeconomic policy and by extending the analysis to the early post-crisis period (2010-2014). Focusing on Germany, Italy, Sweden, and the UK (as in Baccaro and Pontusson 2016), we identify four ideal typical "growth regimes." Our empirical analysis remains descriptive and limited to the four countries featured in our previous article, but we extend it to cover the period after the Great Recession. Skipping our critique of supply-side-institutionalist approaches to comparative political economy, the chapter is organized in two parts: first, we provide a stylized account of the crisis of the wage-led growth model. We then analyze the growth trajectories of our four countries in the 10-15 years before the onset of the Great Recession and afterwards.

Keywords
  • Comparative political economy
  • Growth models
  • Western Europe
Citation (ISO format)
PONTUSSON, Harry Jonas, BACCARO, Lucio. European growth models before and after the great recession. In: Growth and Welfare in Advanced Capitalist Economies. Oxford : Oxford University Press, 2021. p. 98–134.
Main files (1)
Book chapter (Accepted version)
accessLevelPublic
Identifiers
  • PID : unige:152077
ISBN978-0-19-886617-6
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460downloads

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