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Déséquilibre, investissement et désagrégation sectorielle: une application au cas français

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  • Patrick Artus
  • Sanvi Avouyi-Dovi
  • Jean-Pierre Laffargue

Abstract

This paper considers a disequilibrium model of the French economy. This model includes a tradable and a nontradable sectors, investment behaviours of these sectors, and has been estimated over the period 1964/4-1984/4. A regime of excess demand had prevailed in the tradable goods sector from 1979 to 1984. This probably resulted from low productive investments over 1975-1985, which were themselves caused by the weak profitability of firms over this period. The nontradable goods sector had almost always been in a regime of excess supply. But the disequilibrium in this sector was often small.

Suggested Citation

  • Patrick Artus & Sanvi Avouyi-Dovi & Jean-Pierre Laffargue, 1991. "Déséquilibre, investissement et désagrégation sectorielle: une application au cas français," Annals of Economics and Statistics, GENES, issue 23, pages 137-158.
    • Handle: RePEc:adr:anecst:y:1991:i:23:p:137-158
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