Advanced Search
MyIDEAS: Login to save this article or follow this journal

A la recherche du tant perdu

Contents:

Author Info

  • Dominique Guellec
Registered author(s):

    Abstract

    [fre] Pourquoi la croissance a-t-elle été moindre au cours des vingt-cinq dernières années que durant les Trente Glorieuses ? Quelles sont les conséquences de ce ralentissement sur le fonctionnement des économies ? La thèse avancée dans cet article est celle d'un retour des économies occidentales sur la frontière technologique, situation similaire à celle du dix-neuvième siècle, après six décennies de crise puis de rattrapage. Les institutions qui ont été efficaces dans les conditions du rattrapage, regroupées sous le label de « l'économie administrée », trouvent leurs limites dans une situation où l'innovation, notamment technologique, est à nouveau le moteur de la croissance. Une croissance fondée sur l'innovation appelle une plus forte concurrence sur les marchés des biens, des capitaux et du travail, en même temps qu'elle engendre une plus grande turbulence micro-économique et un niveau plus élevé d'inégalités de revenus. Les crises politiques, financières ou sociales de la première moitié du vingtième siècle étaient directement ou indirectement liées à la prégnance du mécanisme de marché. Le retour de celui-ci appelle donc la mise en place de mécanismes correctifs propres à éviter que l'histoire ne se répète. [eng] Why was economic growth slower for the last 25 years than in the post war era ? What are the consequences of this slowdown on the way economies work ? This article argues that western economies are back on the technological frontier, as they were in the nineteenth century, after sixty years of trouble and catch-up. The institutions which worked efficiently in the catch up conditions, named « regulated economy », are inefficient in a situation in which innovation, notably technological innovation, is again the engine of growth. Innovation-based growth calls for more intensive competition on the goods, capital and labour markets, it generates more micro-economic turbulence and higher income inequalities. Political, financial or social crises of the first half of the twentieth century were directly or indirectly related to the dominance of the market mechanism. Only the setting up of correcting mechanisms may avoid that history now repeats itself.

    Download Info

    If 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.
    File URL: http://dx.doi.org/10.3406/rfeco.1999.1075
    Download Restriction: no

    File URL: http://www.persee.fr/articleAsPDF/rfeco_0769-0479_1999_num_14_1_1075/rfeco_0769-0479_1999_num_14_1_1075.pdf?mode=light
    Download Restriction: no

    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue française d'économie.

    Volume (Year): 14 (1999)
    Issue (Month): 1 ()
    Pages: 117-169

    as in new window
    Handle: RePEc:prs:rfreco:rfeco_0769-0479_1999_num_14_1_1075

    Note: DOI:10.3406/rfeco.1999.1075
    Contact details of provider:
    Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Dominique Guellec, 2001. "Les politiques de soutien à l'innovation technologique à l'aune de la théorie économique," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 150(4), pages 95-105.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1999_num_14_1_1075. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.