L’essor et le déclin de la stratégie économique keynésienne – structuraliste au Mexique

G., Julio López

doi:10.4000/regulation.9613

Cited by 2 publications

(1 citation statement)

References 4 publications

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“…This interpretation has also been introduced in interpretations of the Secular Stagnation (as in Hein, 2016). Finally, the weakening of government policy instruments transfers political power from bureaucrats to the private sector, avoiding the imposition of interventionist policies without considering the particular interests of a given sector (see, for instance, López, 2012).…”

Section: Political Economy Of Aggregate Demand In Latin Americamentioning

confidence: 99%

Growth models and comparative political economy in Latin America

Passos¹,

Morlin²

2022

Preprint

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The paper analyses the growth models of Argentina, Bolivia, Brazil, Chile, and Mexico since 1996. We depart from the typology proposed by Bizberg (2019) and apply a growth decomposition based on the Sraffian supermultiplier (Freitas and Dweck, 2013). We argue that the growth models perspective, introduced by Baccaro and Pontusson (2016), contributes to understanding the diversities of capitalism in Latin America. We find that the commodities boom oriented the countries towards export-led growth models, especially in Bolivia, Chile, and Mexico. Brazil and Argentina presented a hybrid growth model, with higher household consumption, and government expenditure along with exports growth. After the commodities boom, the export-led model was no longer feasible for commodity exporters. Mexico sustained the existing model, based on low-value-added manufacturing exports. Brazil and Argentina reduced public expenditures generating economic stagnation. Chile and Bolivia increased public expenditure, sustaining growth at a slower pace. This work extends the growth models perspective to emerging countries, considering former contributions of the Latin American political economy. It also highlights how the growth models evolved in tandem with changing international conditions. Finally, the paper opens a research agenda for the political economy of stagnation in Latin American economies.

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Section: Political Economy Of Aggregate Demand In Latin Americamentioning

confidence: 99%

Growth models and comparative political economy in Latin America

Passos¹,

Morlin²

2022

Preprint

View full text Add to dashboard Cite

show abstract

Growth models and comparative political economy in Latin America

Passos¹,

Morlin²

2022

regulation

View full text Add to dashboard Cite

The paper analyses the growth models of Argentina, Bolivia, Brazil, Chile, and Mexico since 1996. We depart from the typology proposed by Bizberg (2019) and apply a growth decomposition based on the Sraffian supermultiplier (Freitas & Dweck, 2013). We argue that the growth models perspective, introduced by Baccaro and Pontusson (2016), contributes to understanding the diversities of capitalism in Latin America. We find that the commodities boom oriented the countries towards export-led growth models, especially in Bolivia, Chile, and Mexico. Brazil and Argentina presented a hybrid growth model, with higher household consumption and government expenditure, along with exports growth. After the commodities boom, the export-led model was no longer feasible for commodity exporters. Mexico sustained the existing model, based on low-value-added manufacturing exports. Brazil and Argentina reduced public expenditures, generating economic stagnation. Chile and Bolivia increased public expenditure, sustaining growth at a slower pace. This work extends the growth models perspective to emerging countries, integrating with former discussions on the Latin American political economy. It also highlights how the growth models evolved in tandem with changing international conditions. Finally, the paper opens a research agenda for the political economy of stagnation in Latin American economies.

show abstract

L’essor et le déclin de la stratégie économique keynésienne – structuraliste au Mexique

Cited by 2 publications

References 4 publications

Growth models and comparative political economy in Latin America

Growth models and comparative political economy in Latin America

Growth models and comparative political economy in Latin America

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