Rethinking Comparative Political Economy: The Growth Model Perspective

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 appr...

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Veröffentlicht in:Politics & society 2016-06, Vol.44 (2), p.175-207
Hauptverfasser: Baccaro, Lucio, Pontusson, Jonas
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description 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 United Kingdom over the period 1994–2007. Our discussion emphasizes that export-led growth and consumption-led growth have different implications for distributive conflict.
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subjects Aggregate demand
Capitalism
Comparative analysis
Comparative politics
Conflict
Consumption
Economic growth
Economic models
Exports
Germany
International comparisons
Italy
Keynesian theory
Political economy
Sweden
United Kingdom
title Rethinking Comparative Political Economy: The Growth Model Perspective
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