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Rethinking Comparative Political Economy: The Growth Model Perspective

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Published in Politics & Society. 2016
Abstract This paper develops an analytical approach to comparative political economy that focuses on the relative importance of different components of aggregate demand—in the first instance, exports and household consumption—and dynamic relations among the “demand drivers” of growth. We illustrate this approach by comparing patterns of economic growth in Germany, Italy, Sweden and the UK over the period 1994-2007. Our discussion emphasizes that export-led growth and consumption-led growth have different implications for distributive conflict.
Keywords Comparative Political Economy, Growth Models, Post-Keynesian Economics, Varieties of Capitalism, Europe
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BACCARO, Lucio, PONTUSSON, Harry Jonas. Rethinking Comparative Political Economy: The Growth Model Perspective. In: Politics & Society, 2016. https://archive-ouverte.unige.ch/unige:78880

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Deposited on : 2015-12-22

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