Growth Models and Structural Change

Connecting comparative political economy with structural economics, this book explores the relationship between national growth models and economic structures and considers the impacts of both growth models and structural change on various arenas include gender and environmental issues.

The comparative political economy paradigm of demand-led growth models examines the links between macrodynamics and region- and nation-specific institutions, while structural economics explores the composition and transformation of the structure of the economy, its technological endowments and its external insertion. The book explores the explanatory potential of combining these approaches through three parts: the first part lays out the theoretical foundations of the approaches; the second part is devoted to a set of region- and country-specific studies, covering both advanced and developing economies, including Europe, Mediterranean Europe, Central and Eastern Europe, the U.S., China, and Latin America; the third part examines the specific socio-economic impacts of the interaction between growth models and structural change, with particular attention to gender and environmental impacts, occupational change and welfare state transformations, and income inequality. Adopting a medium-term perspective, the book provides a comprehensive explanation of the economic transformations associated with growth models. It also explores regional- and country-specific policy responses to the financial crisis of 2008, and the Covid-19 crisis.

The book will appeal to readers across economics and politics with particular interest from scholars of comparative political economy, post-Keynesian macroeconomics and structural economics.

Daniel Herrero is Assistant Professor of Economics at the Complutense University of Madrid (UCM) and an associate researcher at the Complutense Institute for International Studies (ICEI), Spain.

Miguel Á. Casaú is Assistant Professor at the Department of Economic Structure and Development Economics at Autonomous University of Madrid, Spain.