En formalisant une dynamique 0065ffets de seuil, les modl0065s quilibres multiples enrichissent le paradigme de la croissance endogn0065 ; lobjectif de cet article est de montrer quils renforcent g0061lement la responsabilit 0064e la politique c006fnomique. En effet, ds0020lors que les conditions initiales sl0065ctionnent lq0075ilibre de long terme, lhistoire de la politique publique dinvestissement (au sens large) devient dt0065rminante. Par ailleurs, lintervention publique peut permettre la sortie de la trappe de pauvret.0020Sur la pr0069ode 1970-1995, nous testons lhypoths0065 deffets de seuil en liaison avec le niveau initial du stock de capital (au sens large) dv0065lopp 0070ar ltat. Nos rs0075ltats empiriques suggr0065nt un rl00650020pour la politique publique dans la diffr0065nciation des rg0069mes de convergence de sorte que la relation entre la croissance et la politique c006fnomique nest pas nc0065ssairement lina0069re.
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Publisher Info
Paper provided by Faculty of economics, Department of Economics in its series Working Papers with number
200722.
Length: 25 pages Date of creation: Mar 2007 Date of revision:
Jun 2007 Publication status: Published in Panoeconomicus, June 2007, pages 159-184 Handle: RePEc:voj:wpaper:200722
Find related papers by JEL classification: C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General H5 - Public Economics - - National Government Expenditures and Related Policies O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy