IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-05367613.html

Demand and growth regimes of the BRICs countries – the national income and financial accounting decomposition approach and an autonomous demand-led growth perspective

Author

Listed:
  • Juan Manuel Campana

    (Berlin School of Economics and Law, UTC - Université de Technologie de Compiègne)

  • João Emboava Vaz

    (Berlin School of Economics and Law, UTC - Université de Technologie de Compiègne, UFRJ - Universidade Federal do Rio de Janeiro [Brasil] = Federal University of Rio de Janeiro [Brazil] = Université fédérale de Rio de Janeiro [Brésil])

  • Eckhard Hein

    (Berlin School of Economics and Law)

  • Benjamin Jungmann

    (Berlin School of Economics and Law, CEPN - Centre d'Economie de l'Université Paris Nord - Université Sorbonne Paris Nord)

Abstract

We contribute to the recent debate in post-Keynesian economics (PKE), comparative political economy (CPE) and international political economy (IPE) on growth regimes. The paper presents an analysis of changes in demand and growth regimes in the BRICs countries, Brazil, Russia, India, and China, after the Global Financial Crisis and the Great Recession of 2007–2009. It discusses and applies two approaches: a first one based on national income and financial accounting decomposition and a second one based on the Sraffian Supermultiplier (SSM) growth model, distinguishing the dynamics of autonomous expenditure growth from those of the induced components of aggregate demand. It is argued that the SSM approach provides the bridge between the traditional approach based on national income and financial accounting decomposition and the analysis of growth drivers, both in PKE as well as in CPE and IPE. This is illustrated by pointing out some changes in the underlying political economy and economic policy growth drivers in each of the countries.

Suggested Citation

  • Juan Manuel Campana & João Emboava Vaz & Eckhard Hein & Benjamin Jungmann, 2024. "Demand and growth regimes of the BRICs countries – the national income and financial accounting decomposition approach and an autonomous demand-led growth perspective," Post-Print hal-05367613, HAL.
    • Handle: RePEc:hal:journl:hal-05367613
    DOI: 10.4337/ejeep.2023.0100
    Note: View the original document on HAL open archive server: https://hal.science/hal-05367613v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-05367613v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.4337/ejeep.2023.0100?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-05367613. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.