YSI @ 2nd International Workshop on Demand-led Growth

Second International Workshop on Demand-led Growth: Structural Change and Income Distribution

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 proposed approach, particularly in the context of the intensification of dialogue and convergence among some Kaleckians, Kaldorians and Sraffians, in 2019 the workshop aims 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.

Relevant Informations
The Second International Workshop will be placed at Arena Hotel in Copacabana, Rio de Janeiro, Brazil between 17th and 18th of July. Depending on the number of submissions, some special sessions may happen at the Institute of Economics building, in UFRJ’s Praia Vermelha Campus.
The following keynote speakers are going to attend the event: Mark Setterfield, Carlos Aguiar de Medeiros, Aldo Barba, Annamaria Simonazzi, Daniele Girardi, Ignacio Perrotini.
Young scholars with selected papers who are non-resident in Rio de Janeiro may apply for financial support. Applicants should submit a short letter of motivation, including a description of candidate's research area/project and motivations to attend the workshop. Letters of motivation must have no more than 300 words and has to be written in English only.

Deadline
May 15: submission deadline
June 1: notification of selected papers.