The article focuses on an alternative view of growth called Demand-Led growth, which opposes the dominant view of long-run growth as depending on supply factors. It compares and contrasts the main approaches in this line of theory, their roots and analytical models. It highlight how such a framework can be extended and strengthened by focusing on the relationship between growth structural change and the transformation of consumption.
Growth Theory in a Demand-Side Perspective
GUALERZI, DAVIDE
2005
Abstract
The article focuses on an alternative view of growth called Demand-Led growth, which opposes the dominant view of long-run growth as depending on supply factors. It compares and contrasts the main approaches in this line of theory, their roots and analytical models. It highlight how such a framework can be extended and strengthened by focusing on the relationship between growth structural change and the transformation of consumption.
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