방법 비교

	Capital Mobility Analysis	Growth Regime Analysis
분야	Political Economy	Political Economy
계열	Regression model	Process / pipeline
기원 연도	1963	2016
창시자	Robert Mundell (trilemma); Geoffrey Garrett & Dennis Quinn (political economy)	Lucio Baccaro & Jonas Pontusson; Eckhard Hein (post-Keynesian foundations)
유형	Panel regression analysis of policy under capital openness	Macro-comparative analytical framework
원전	Mundell, R. A. (1963). Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates. Canadian Journal of Economics and Political Science, 29(4), 475-485.	Baccaro, L., & Pontusson, J. (2016). Rethinking Comparative Political Economy: The Growth Model Perspective. Politics & Society, 44(2), 175-207.
별칭	Capital Account Openness Analysis, Globalization Constraint Analysis, Race to the Bottom Analysis, Policy Autonomy Under Capital Mobility	Growth Model Perspective, Demand Regime Analysis, Growth Models Analysis
관련	3	3
요약	Capital mobility analysis studies how the international mobility of capital constrains — or fails to constrain — national economic policy. Robert Mundell's 1963 work established the open-economy trilemma: a country cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy, and must give up one. The political economy literature, exemplified by Geoffrey Garrett's 1998 Partisan Politics in the Global Economy and Dennis Quinn's 1997 measurement of financial liberalization, asks whether rising capital mobility forces a 'race to the bottom' in taxes and welfare or instead leaves room for partisan and compensatory policy. The empirical method regresses policy or taxation outcomes on measures of capital-account openness — the Quinn index, the Chinn-Ito index — with partisan interactions.	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.