| Titre | Un modèle économétrique en déséquilibre de l'économie française à deux secteurs, avec des prix et un investissement endogènes | |
|---|---|---|
| Auteur | Jean-Pierre Laffargue, Sanvi Avouyi-Dovi, Patrick Artus | |
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Revue | Economie et prévision |
| Numéro | no 94-95, 1990/3-4 Aspects de la contrainte extérieure | |
| Page | 115-127 | |
| Résumé anglais |
An econometric disequilibrium model of the French economy, with two sectors and
endogenous prices and investment,
by Patrick Artus, Sanvi Avouyi-Dovi, Jean-Pierre Laffargue.
A small disequilibrium model of the French economy, is estimated. It isolates two sectors, the first sheltered, the second exposed to international competition, with endogenous investment. The sheltered sector is characterized by competitive equilibrium. The firms of the exposed one face a situation of monopolistic competition, but bear some adjustment costs when they change their prices. Two situations can then be observed : monopolistic equilibrium when theoretical demand is satisfied, classical disequilibrium when some fraction of it is rationed, an then is satisfied by foreign supply. Our conclusion is that classical disequilibrium is the situation that predominates since 1978. So, a wage moderation rises employment and investment. On the contrary only weak consequences on output result from a rise of public consumption, which deteriorates the trade balance. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1990_num_94_3_5181 |
