Rethinking Comparative Political Economy
2016/04/07 by Lucio Baccaro, Jonas Pontusson · 595 citations
Social Sciences · #Aggregate demand #Consumption (sociology) #Distributive property #Economic system #Economics #Economy #Macroeconomics #Political science #Politics #Social Policy and Reform Studies #Sociology
paper · open access · doi:10.1177/0032329216638053
published in Politics & Society 44(2), 175-207 (SAGE Publishing)
openalex publication_date 2016/04/07 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/02
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.
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