Fundamentos institucionales del crecimiento dirigido por la demandaUna nueva agenda de investigación

  1. Luis Cárdenas 1
  2. Daniel Herrero 1
  3. Adrián Rial 1
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Journal:
Revista de economía mundial

ISSN: 1576-0162

Year of publication: 2021

Issue: 58

Pages: 183-202

Type: Article

DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

More publications in: Revista de economía mundial

Abstract

This paper presents an introduction to the theory of demand-driven growth models within the field of Comparative Political Economy. First, it offers an analytical scheme with the fundamental characteristics of this new research agenda proposed by Baccaro and Pontusson (2016), such as the typology of models and the main variables that determine them. Secondly, we analyze the existing relationship with demand regimes (wage-led/profit-led) and we propose an approach based on investment behavior as a determinant of growth models. Finally, we apply empirically this approach to five European economies in the period 1995-2018. The main conclusion is that the research agenda of growth models has the potential to renew both Comparative Political Economy and demand regime studies, as well as to provide a deeper interpretation of the recent evolution of European economies.

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