Rethinking Comparative Political Economy

Lucio Baccaro and Jonas Pontusson
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Lucio Baccaro: Université de Genève
Jonas Pontusson: Université de Genève

Politics & Society, 2016, vol. 44, issue 2, 175-207

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 United Kingdom 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 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:polsoc:v:44:y:2016:i:2:p:175-207

DOI: 10.1177/0032329216638053

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