2nd Workshop Demand-Led Growth


Institute of Economics, Federal University of Rio de Janeiro (IE-UFRJ)

Keynote Speakers: Mark Setterfield, Carlos Aguiar de Medeiros, Aldo Barba e Anna Maria Simonazzi.

Schedule: TBA


May 15:
 submission deadline

June 1: notification of selected papers.

The Research Group in Political Economy at the Institute of Economics of the Federal University of Rio de Janeiro follows the Sraffian project proposed by Garegnani to make the Keynesian-Kaleckian principle of effective demand compatible with the classical surplus approach. For our group, growth is demand-led and policy (and often balance of payments) constrained. In turn, inflation is a cost-push political economy phenomenon that depends on conflicting claims over income distribution. In this framework, macroeconomic policies are important to growth, inflation and income distribution. In capitalist economies, these policies stem from institutional arrangements and political power relations. 

The process of economic development implies not only changes in productive techniques, sectoral dynamics and institutions, but above all in power relations between social groups. The relationship between the State and the markets in the development process is a persistent issue that runs through the very origin of political economy. National strategies led by development-oriented states are specifically geared to creating modern industry and services and its infrastructure as the main engines of economic growth. The State has also a major role to play in promoting technological change, through public demand for innovation and coordination between horizontal and vertical policies.

The Research Group in Political Economy considers that the soundness of this theoretical approach is best demonstrated by constructing policy-relevant analysis and both theoretical and applied models in order to understand the actual performance of developed and developing economies.

Given the approach taken by the Group and in the context of the intensification of dialogue and convergence among some Kaleckians, Kaldorians and Sraffians, the main idea of the workshop is to strengthen this promising trend by promoting a constructive and policy-relevant debate among these strands of critical thought (to which other heterodox approaches to economics are more than welcome) on new contributions concerning demand-led growth analyses and models and their multiple relations with structural change and income distribution. 

Articles that broadly fall within the following topics are welcome:

– Demand-led growth: theoretical and empirical studies;

– Cost-push and conflict inflation: theoretical and empirical studies;

– The role of macroeconomic policies in demand-led growth;

– Macroeconomic policies, personal and functional Income distribution and conflict inflation;

-Structural change and the role of technical progress: theoretical and empirical studies;

– Political Economy and Comparative Development Experiences: theoretical and empirical studies.

Papers must be written in English and contain title, short abstract (maximum 200 words), author’s name, institutional affiliation and email address.

We recommend submitted papers to have a maximum number of 8000 words.    

Scientific Committee:
 Ricardo Summa (UFRJ), Júlia Torraca (UFF), Esther Majerowicz (UFRN), Cristina Reis (UFABC and IPODI/Berlin), André Cieplinski (University of Pisa)

Local Organizing Committee: Breno Roos, Caroline Jorge, Lidia Brochier, Numa Mazat, Ricardo Summa