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Growth Models and the Footprint of Transnational Capital

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Kaczmarczyk, P. (2020). Growth Models and the Footprint of Transnational Capital. MaxPo Discussion Paper, 20/2.

Cite as: https://hdl.handle.net/21.11116/0000-0006-4B02-4
The definition of various growth models is the latest innovation of comparative capitalism (CC) research. Yet, the literature has its weaknesses in explaining the dynamics within and the interdependencies between different growth models. I argue that this weakness stems inter alia from an inadequate conceptualization of transnational corporations (TNCs). I provide empirical evidence on the footprint of international capital in the global economy and outline how including TNCs as a unit of analysis can help us to better understand economic outcomes. This leads to several implications for the growth models literature, which I conclude my argument with.
La définition de différents modèles de croissance est la dernière innovation produite par la recherche comparative sur le capitalisme (CC). Toutefois, cette dernière explique mal tant la dynamique interne des modèles de croissance que leurs interdépendances. Cette limite tient pour partie à une conceptualisation inadéquate des firms multinationales (FMN). Je présente ici un travail empirique montrant l'empreinte du capital international sur l'économie mondialisée. L'inclusion des FMN comme variable explicative permet alors une meilleure prise en compte des FMN pour la littérature sur les modèles de croissance.