Growth Regime Working Group (GRWG) of the IPE Berlin

The GRWG aims at research on the main dynamics and drivers of the diverging demand and growth regimes in modern capitalism from a comparative perspective. It investigates the main demand and growth regimes and their changes both in the global North and South, and the global and regional interplay among various regimes. It also focuses on research on individual case studies.

The GRWG consists of researchers from different social sciences. The research is rooted in heterodox perspectives, including post-Keynesian economics, Marxist approaches, regulation school, dependency theory, and other critical political economy perspectives.

Research Programme

  • Typologies of Growth Regime: Methodology and Empirics
  • Growth Regimes and Green Transition
  • Modelling Growth Regimes
  • Political Economy of Growth Regimes: Dominant Social Blocs, Growth Strategies and Policy Space

Members

Philip Blees, Ümit Akcay, Petra Dünhaupt, Benjamin Jungmann, Eckhard Hein, Alessandro Bramucci, Valeria Jimenez, Juan Manuel Campana,  Ryan Woodgate, Stefano Di Bucchianico and Gabriel Petrini at the Growth Regime Workshop 2024

Workshops/Events/Presentations

Recent Working Papers

Akcay, Ü., Hein, E. (2026): Demand and growth regimes revisited: Toward an integrated four-level research programme, Institute for International Political Economy (IPE), Working Paper 272/2026.https://www.ipe-berlin.org/fileadmin/institut-ipe/Dokumente/Working_Papers/Demand_and_Growth_Regimes_Revisited_Working_Paper.pdf

Campana, J.M., Hein, E. (2026): Macroeconomic policy regimes and the dynamics of demand-led growth regimes in advanced and emerging economies, Post-Keynesian Economics Society (PKES), PKES Working Paper 2611. https://www.postkeynesian.net/working-papers/2611/

Campana, J.M., Hein, E. (2026): Demand-led growth decomposition and trade structures: towards a spectrum of export-led models, Post-Keynesian Economics Society (PKES), PKES Working Paper 2604.https://www.postkeynesian.net/working-papers/2604/

Recent Publications

Akcay, Ü. (2026). Political economy of Turkey’s monetary policy experiment (2018–2023): policy coalitions, monetary unorthodoxy and external constraints. Journal of Balkan and Near Eastern Studies, 1–27. https://doi.org/10.1080/19448953.2026.2633654

Blees, P. (2026). Productivity growth and class struggle in a growth regime framework—a proposal for a varieties of productivity regimes approach applied to Germany and the US from 1991 to 2019. Review of Evolutionary Political Economy, vol. 7. https://doi.org/10.1007/s43253-026-00185-5

Campana, J.M., Hein, E. (2025). Eurozone governance and the German demand and growth regimes, 1999-2024. Review of Evolutionary Political Economy, vol. 6. https://doi.org/10.1007/s43253-025-00160-6

Dünhaupt, P., Gräf, H., Jiménez, V., Jungmann, B. (2026). Lithium, leverage, and limits: Chile’s industrial policy vis-à-vis the EU-Chile free trade agreement’s energy and raw materials chapter. Journal of Economic Policy Reform, 1–20.https://doi.org/10.1080/17487870.2026.2689934

Jiménez, V., Woodgate, R. (2026). The balance-of-emissions constraint on growth: pathways to net-zero greenhouse gas emissions in a simple post-Keynesian model. Review of Social Economy, 1–29. https://doi.org/10.1080/00346764.2026.2646538

EJEEP Special Issue I

The special issue of the European Journal of Economics and Economic Policies: Intervention (EJEEP) (3/2023) on ‘Frontiers in Growth Regimes Research I: Theoretical Perspectives and Conceptual Issues’ contains six reviewed and revised contributions to the IPE Workshop on Frontiers in Growth Regimes Research from October 2022:

Editorial to the special issue: Frontiers in Growth Regimes Research I: Theoretical Perspectives and Conceptual Issues
Ümit Akcay, Eckhard Hein, Benjamin Jungmann, and Ryan Woodgate

Varieties of demand and growth regimes – post-Keynesian foundations
Eckhard Hein

Nothing new under the sun: the so-called ‘growth model perspective’
Bruno Amable

House price cycles, housing systems, and growth models
Karsten Kohler, Benjamin Tippet, and Engelbert Stockhammer

FDI-led growth models: Sraffian supermultiplier models of export platforms and tax havens
Ryan Woodgate

Dependency revisited: commodities, commodity-related capital flows and growth models in emerging economies
Michael Schedelik, Andreas Nölke, Christian May, and Alexandre Gomes

Growth regimes, dominant social blocs and growth strategies: towards varieties of export-led growth regimes and strategies in Turkey and Poland
Ümit Akcay and Benjamin Jungmann

EJEEP Special Issue II

The second special issue of the European Journal of Economics and Economic Policies: Intervention (EJEEP) (1/2024) on ‘Frontiers in Growth Regimes Research II: Country Cases’ contains eight reviewed and revised contributions to the IPE Workshop on Frontiers in Growth Regimes Research from October 2022:

Editorial to the special issue: Frontiers in Growth Regimes Research II: Country Cases
Ümit Akcay, Eckhard Hein, Benjamin Jungmann, and Ryan Woodgate

Demand and growth regimes of the BRICs countries – the national income and financial accounting decomposition approach and an autonomous demand-led growth perspective
Juan Manuel Campana, João Emboava Vaz, Eckhard Hein, and Benjamin Jungmann

A supermultiplier demand-led growth accounting analysis applied to the Spanish economy (1998–2019)
Héctor Labat-Moles and Ricardo Summa

From export boom to private debt bubble: a macroeconomic policy regime assessment of Canada’s shifting growth regime
Theodore Klassen

Macroeconomic policy regimes and demand and growth regimes in emerging market economies: the case of Argentina
Juan Martín Ianni

In search of a growth model for Italy: the failed attempt of an export-led recovery strategy?
Alessandro Bramucci

Growth regimes of populist governments: a comparative study on Hungary and Poland
Julia Kühnast

Growth models, growth strategies, and power blocs in Turkey and Egypt in the twenty-first century
Ali Rıza Güngen and Ümit Akçay

The territorial logic of an export-led growth strategy: Israel’s regime change after the Second Intifada
Arie Krampf

Further Publications

Akcay, Ü., Hein, E., & Jungmann, B. (2022). Financialisation and Macroeconomic Regimes in Emerging Capitalist Countries Before and After the Great Recession. International Journal of Political Economy, 51(2), 77-100. https://doi.org/10.1080/08911916.2022.2078009

Dünhaupt, P. & Hein, E. (2019). Finanzialisation, distribution, and macroeconomic regimes before and after the crisis: a post-Keynesian view on Denmark, Estonia, and Latvia, Journal of Baltic Studies, 2019, 50 (4), 435-465, https://doi.org/10.1080/01629778.2019.1680403.

Hein, E. (2019). Financialisation and tendencies towards stagnation: The role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007–09. Cambridge Journal of Economics, 43(4), 975–999. https://doi.org/10.1093/cje/bez022

Hein, E. (2022). Financialisation and stagnation – a macroeconomic regime perspective, in: Wray, L.R., Dantas, F. (eds), The Handbook of Economic Stagnation, London et al.: Academic Press, Elsevier, 79-101. https://shop.elsevier.com/books/handbook-of-economic-stagnation/wray/978-0-12-815898-2

Hein, E. (2022). Financialisation, varieties of macroeconomic regimes and stagnation tendencies in a stylised Kaleckian model, Institute for International Political Economy (IPE), Working Paper 193/2022. https://www.ipe-berlin.org/fileadmin/institut-ipe/Dokumente/Working_Papers/ipe_working_paper_193-Hein.pdf

Hein, E. (2024): Demand-led growth and macroeconomic policy regimes in the Eurozone: Implications for post-pandemic economic policies, in: Jespersen, J., Olesen, F. (eds), Post-Keynesian Economics for the Future: Sustainability, Policy and Methodology, Cheltenham: Edward Elgar, 108-123.https://doi.org/10.4337/9781035307517.00015

Hein, E. (2024): Inflation is always and everywhere … a conflict phenomenon: post-Keynesian inflation theory and energy price driven conflict inflation, distribution, demand and employment, European Journal of Economics and Economic Policies: Intervention, 21 (2), 202-231. https://doi.org/10.4337/ejeep.2024.0135

Hein, E., & Martschin, J. (2020). The Eurozone in Crisis—A Kaleckian Macroeconomic Regime and Policy Perspective. Review of Political Economy, 32(4), 563–588. https://doi.org/10.1080/09538259.2020.1831202

Hein, E., & Martschin, J. (2021). Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: A post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession. Review of Evolutionary Political Economy, 2 (3), 493-527. https://doi.org/10.1007/s43253-021-00044-5

Hein, E., Marpe, M., Schütt, K. (2025): Wealth distribution with and without real estate assets and mortgage debt in ten European countries – a post-Kaleckian approach, Review of Political Economy, advance access. https://doi.org/10.1080/09538259.2025.2484594

Hein, E., Meloni, W. P., & Tridico, P. (2021). Welfare models and demand-led growth regimes before and after the financial and economic crisis. Review of International Political Economy, 28(5), 1196–1223. https://doi.org/10.1080/09692290.2020.1744178

Hein, E., Prante, F., Bramucci, A. (2022). Demand and growth regimes in finance-dominated capitalism and a progressive equality-, sustainability- and domestic demand-led alternative: A post-Keynesian simulation approach, PSL Quarterly Review, 76(305), 181–202. https://doi.org/10.13133/2037-3643/18211

Hein, E., van Treeck, T. (2024): Financialisation and demand and growth regimes – a review of post-Keynesian approaches, IFSO Working Paper 32/2024, Institute for Socio-Economics, University Duisburg-Essen.https://www.uni-due.de/imperia/md/content/soziooekonomie/ifsowp32_heinvantreeck2024.pdf

Jimenez, V. (2020). Wage shares and demand regimes in Central America: An Empirical analysis 1970-2016. Institute for International Political Economy (IPE) Berlin, Working Paper, 151. https://www.ipe-berlin.org/fileadmin/institut-ipe/Dokumente/Working_Papers/ipe_working_paper_151.pdf

Jungmann, B., (2023). Growth drivers in emerging capitalist economies: Building blocks for a post-Keynesian analysis and an empirical exploration of the years before and after the Global Financial Crisis, Review of Evolutionary Political Economy, 4(2), 349-386. https://doi.org/10.1007/s43253-023-00101-1

Prante, F., Hein, E. & Bramucci, A. (2022). Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism: a post-Keynesian two-country stock-flow consistent simulation approach, Review of Keynesian Economics, 2022, 10 (2), 262-288,  https://doi.org/10.4337/roke.2022.02.07

Woodgate, R. (2021). Multinational corporations and commercialised states: Can state aid serve as the basis for an FDI-driven growth strategy? Institute for International Political Economy (IPE) Berlin, Working Paper, 161. https://www.ipe-berlin.org/fileadmin/institut-ipe/Dokumente/Working_Papers/ipe_working_paper_161.pd

Woodgate, R. (2022). Profit-led in effect or in appearance alone? Estimating the Irish demand regime given the influence of multinational enterprises. Review of Evolutionary Political Economy, 3(2), 319-350. https://link.springer.com/article/10.1007/s43253-021-00056-1

Woodgate, R., Hein, E., Summa, R. (2024): Components of autonomous demand growth and financial feedbacks: implications for growth drivers and growth regime analysis, Review of Political Economy, 36 (5), 1876-1893. https://doi.org/10.1080/09538259.2023.2269369