The slowing of growth in France: an ...
Document type :
Article dans une revue scientifique
Permalink :
Title :
The slowing of growth in France: an interpretation based on Thirlwall’s law
Author(s) :
Charles, Sebastien [Auteur]
Laboratoire d'Economie Dionysien [LED]
Dallery, Thomas [Auteur]
Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 [CLERSÉ]
Marie, Jonathan [Auteur]
Centre d'Economie de l'Université Paris Nord [CEPN]
Laboratoire d'Economie Dionysien [LED]
Dallery, Thomas [Auteur]
Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 [CLERSÉ]
Marie, Jonathan [Auteur]
Centre d'Economie de l'Université Paris Nord [CEPN]
Journal title :
Journal of Post Keynesian Economics
Abbreviated title :
Journal of Post Keynesian Economics
Pages :
1-30
Publisher :
Informa UK Limited
Publication date :
2020-07-22
English keyword(s) :
Balance-of-payments constrained growth
income elasticities of external trade
structural break
income elasticities of external trade
structural break
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
In this paper, we evaluate the French balance-of-payments constrained growth rate and we compare it with the effective growth rate. Empirically, we show that France is experiencing, simultaneously to its European integration, ...
Show more >In this paper, we evaluate the French balance-of-payments constrained growth rate and we compare it with the effective growth rate. Empirically, we show that France is experiencing, simultaneously to its European integration, a substantial increase in the income elasticity of demand for imports and a collapse in the growth rate of its exports. Within the balance-of-payments constrained growth approach, this twofold negative effect is a major obstacle to true economic recovery and full employment.Show less >
Show more >In this paper, we evaluate the French balance-of-payments constrained growth rate and we compare it with the effective growth rate. Empirically, we show that France is experiencing, simultaneously to its European integration, a substantial increase in the income elasticity of demand for imports and a collapse in the growth rate of its exports. Within the balance-of-payments constrained growth approach, this twofold negative effect is a major obstacle to true economic recovery and full employment.Show less >
Language :
Anglais
Audience :
Non spécifiée
Administrative institution(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Research team(s) :
Économies et sociétés : développement, richesse, innovation et régulation
Submission date :
2020-09-05T06:57:05Z
2020-09-07T11:32:40Z
2020-09-07T11:32:40Z