Capital and Trade as Engines of Growth in France: An Application of Johansen's Cointegration Methodology
AbstractAn aggregate production function is estimated using recent cointegrating techniques particularly appropriate for estimating long-run relationships. The empirical results suggest that the growth of output in France has been spurred by increased trade integration within the European Community and by the accumulation not only of business sector capital--the only measure of capital included in most empirical studies--but also by government infrastructure capital, residential capital, and research and development capital. Calculations of potential output indicate that trade and capital--broadly defined--account for all of the growth in the French economy during the past two decades.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 40 (1993)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Other versions of this item:
- David T. Coe & Reza Moghadam, 1993. "Capital and Trade as Engines of Growth in France - An Application of Johansen's Cointegration Methodology," IMF Working Papers 93/11, International Monetary Fund.
- E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production
- F15 - International Economics - - Trade - - - Economic Integration
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Coe, David T & Helpman, Elhanan, 1993.
"International R&D Spillovers,"
CEPR Discussion Papers
840, C.E.P.R. Discussion Papers.
- Coe, D.T. & Helpman, E., 1993. "International R&D Spillovers," Papers 5-93, Tel Aviv.
- David T. Coe & Elhanan Helpman, 1995. "International R&D Spillovers," NBER Working Papers 4444, National Bureau of Economic Research, Inc.
- Elhanan Helpman & David T. Coe, 1993. "International R&D Spillovers," IMF Working Papers 93/84, International Monetary Fund.
- Teweldemedhin, M.Y. & van Schalkwyk, Herman D., 2010. "The impact of trade liberalisation on South African agricultural productivity," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95963, African Association of Agricultural Economists (AAAE) & Agricultural Economics Association of South Africa (AEASA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.