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Ralentir la substitution capital-travail. Une analyse critique

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  • Dominique Bureau
  • Michel Norotte

Abstract

[eng] Shift in the factor demands to reduce unemployment : a review. . Using a keynesian framework, this article analyses the influence on activity and unemployment of policies which modify the cost of capital. It focuses first on some simulations mode with french macroeconometric models : these simulations do not appear very reliable even in the short-run. Then it develops a normative analysis of these policies in presence of an external constraint. risque, les opportunités de croissance, les asymétries d'information et les conflits d'intérêts. Différents modèles sont estimés sur des données individuelles en panel (données comptables et boursières pour 199 entreprises françaises de 1967 à 1979). Notre étude montre le poids du taux d'intérêt apparent, de la capacité d'autofinancement et de la trésorerie dans l'équation d'investissement. Globalement les variables financières ont un poids significatif, mais moins important que les contraintes de débouchés. Les opportunités de croissance (avec une mesure approchée du Q moyen de Tobin) et les dividendes ont un effet positif sur l'investissement, l'influence de cette dernière variable confirme la présence d'effets d'information sur les résultats actuels. [fre] Ralentir la substitution capital-travail. Une analyse critique. . L'étude s'intéresse à l'impact sur l'emploi et l'activité de mesures modifiant le coût d'usage du capital dans un contexte keynésien. Elle met en lumière certains problèmes de fiabilité posés par les modèles économétriques sur ce sujet. L'analyse normative du modèle permet ensuite de préciser l'intérêt de ce type de mesures qui visent à obtenir une croissance plus riche en emploi, en présence de contrainte extérieure.

Suggested Citation

  • Dominique Bureau & Michel Norotte, 1986. "Ralentir la substitution capital-travail. Une analyse critique," Revue Économique, Programme National Persée, vol. 37(5), pages 833-856.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1986_num_37_5_408944
    DOI: 10.3406/reco.1986.408944
    Note: DOI:10.3406/reco.1986.408944
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    References listed on IDEAS

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    1. Rosen, Sherwin & Nadiri, M Ishaq, 1974. "A Disequilibrium Model of Demand for Factors of Production," American Economic Review, American Economic Association, vol. 64(2), pages 264-270, May.
    2. Claude Fourgeaud & Bernard Lenclud & Pierre Picard, 1984. "Calcul économique. Prix fictifs et contrainte extérieure," Revue Économique, Programme National Persée, vol. 35(3), pages 425-446.
    3. Patrick Artus & Claude Bismut, 1980. "Substitution et coût des facteurs : un lien existe-t-il ?," Économie et Statistique, Programme National Persée, vol. 127(1), pages 101-114.
    4. Henri Sterdyniak & Michèle Debonneuil, 1984. "La boucle prix-salaires dans l'inflation," Revue Économique, Programme National Persée, vol. 35(2), pages 267-312.
    5. Philippe Nasse, 1982. "Note sur la substitution capital-travail et l'emploi," Revue Économique, Programme National Persée, vol. 33(4), pages 579-593.
    6. Dominique Bureau & Didier Miqueu & Michel Norotte, 1984. "Déséquilibre et modèles macroéconomiques," Économie et Prévision, Programme National Persée, vol. 65(4), pages 3-43.
    7. Malgrange Pierre & Villa Pierre, 1983. "Comportement d'investissement avec couts d'ajustement et contraintes quantitatives," CEPREMAP Working Papers (Couverture Orange) 8312, CEPREMAP.
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