Compare methods

	Varieties of Capitalism Analysis	Growth Regime Analysis
Field	Political Economy	Political Economy
Family	Process / pipeline	Process / pipeline
Year of origin	2001	2016
Originator	Peter A. Hall & David Soskice	Lucio Baccaro & Jonas Pontusson; Eckhard Hein (post-Keynesian foundations)
Type	Comparative institutional analysis framework	Macro-comparative analytical framework
Seminal source	Hall, P. A., & Soskice, D. (Eds.). (2001). Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford University Press. ISBN: 9780199247752	Baccaro, L., & Pontusson, J. (2016). Rethinking Comparative Political Economy: The Growth Model Perspective. Politics & Society, 44(2), 175-207.
Aliases	VoC Analysis, Varieties of Capitalism Framework, Hall-Soskice Framework, Comparative Capitalisms Analysis	Growth Model Perspective, Demand Regime Analysis, Growth Models Analysis
Related	4	3
Summary	Varieties of Capitalism (VoC) analysis is a firm-centered comparative framework, set out by Peter A. Hall and David Soskice in their 2001 edited volume, for understanding why advanced capitalist economies are organized in systematically different ways. Its central move is to place the firm at the heart of the analysis and to ask how firms resolve the coordination problems they face with workers, owners, suppliers, and one another. The framework distinguishes two ideal types — Liberal Market Economies (LMEs) such as the United States and United Kingdom, where firms coordinate primarily through competitive markets, and Coordinated Market Economies (CMEs) such as Germany and Japan, where firms coordinate strategically through non-market institutions — and argues that institutions in different spheres reinforce one another to produce distinct, durable, and internally coherent national models with their own comparative institutional advantages.	Growth regime analysis — also called the growth-model perspective — explains national macroeconomic trajectories by the composition of aggregate demand and its link to the distribution of income between wages and profits. Drawing on post-Keynesian theory, codified in Eckhard Hein's 2014 Distribution and Growth after Keynes, the approach asks whether an economy's demand is wage-led or profit-led, and whether its growth is driven by exports, by household consumption (often debt-financed), or by other components. Lucio Baccaro and Jonas Pontusson's influential 2016 article recast comparative political economy around this lens, offering the growth-model perspective as a demand-side alternative to the supply-side, firm-centered varieties-of-capitalism tradition. The method reads growth not as the automatic outcome of good institutions but as the result of a particular, politically constructed configuration of demand and distribution.