The growth models approach is a novel framework at the intersection of economics and political science that examines the growth strategies, institutions and political coalitions of contemporary economies and societies in a comparative fashion. It fuses post-Keynesian macroeconomics (Lavoie and Stockhammer 2013, Stockhammer 2022) with contemporary institutional and political economy analyses. Since a foundational paper by Baccaro and Pontusson (2016), this framework has rapidly gained traction in research and is a competitor to the more supply-side oriented Varieties of Capitalism approach (Hall and Soskice 2001), that has over the past decades shaped much of comparative political economy. The strength of the growth models approach resides in its higher capacity to account for socio-economic developments in an era of instability and polycrisis (Baccaro, Blyth and Pontusson 2022). This is because it gives a more prominent place to demand-side phenomena like financial instability and demand deficiencies; and it features power relations prominently. However, the integration of hierarchical relations along the lines of production, finance and gender is as of yet underdeveloped. The contribution of the workshop is to explore stratification mechanisms that operate across and within growth models, including their core-periphery dynamics. We distinguish financial mechanisms, production networks (productive hierarchies) and gender relations and exploring how they shape growth models and their fragilities.

The event is taking place in K4U.04, the Pyramid Room, in the King's building.

PROGRAMME

09.30 coffee

09.45 opening remarks

10.00 -12.00 panel 1 (chair: Engelbert Stockhammer)

• Dorothee Bohle (University of Vienna): Growth models and social reproduction – what are the connections?
• Ipek Ilkkaracan (Technical University Istanbul). Growth Models from the perspective of the Care Economy
• Ozlem Onaran (University of Greenwich): Gendering growth regime analysis: what do we learn from feminist post-Keynesian macroeconomics?

12.00 lunch

13.00-15.00, panel 2 (chair: Jimena Valdez)

• Sonja Avlijas (University of Belgrade) and Kira Gartzou-Katsouyanni: Firm-centred perspectives on economic development in the semi-periphery
• Joseph Baines (King’s College London), Julian Germann and Steven Rolf: Bad Drivers: Volkswagen's Global Value Chain and the Limits of Germany’s Growth Model
• Sinisa Hadziabdic (MPIfG): “Dependency or Subsidisation? An Input-Output Analysis of Regional Growth Models’ Interconnectedness in Italy”

15.00 coffee

15.30-17.30 panel 3 (chair: Dorothee Bohle)

• Jimena Valdez (King’s College London): Trapped Between Growth Models: German Solutions to Spanish Problems
• Daniele Tori (University of Pisa): Securitization, financial demand, and growth. Macro-dynamics in the US housing market
• Engelbert Stockhammer (King’s College London) and Inga Rademacher: When the models are not growing: internal and external sources of destabilisation of growth models

The event has been supported by the Global Engagement Partnership Fund, the Department of European and International Studies and the Political Economy Research Groups, King’s College London and the University of Vienna.