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Hystérésis et piège du sous-développement dans un modèle de croissance endogène

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  • Philippe Michel
  • Antoine d'Autume

Abstract

[fre] Hystérésis et piège du sous-développement dans un modèle de croissance endogène. . Nous reprenons le modèle canonique de Romer [1986] pour en préciser les propriétés d'hystérésis. Nous montrons ensuite comment l'introduction d'un effet de seuil dans ce modèle implique la coexistence d'un piège du sous-développement et d'un sentier de croissance endogène, faisant ainsi apparaître une forme radicale d'hystérésis. [eng] Hysteresis and the under-development trap in an endogenous growth model. . We consider the Romer [1986] model and we provide a detailed analysis of its hysteresis properties. We then show how the introduction of a threshold effect implies the coexistence of a stationary point, the under-development trap, and an endogenous growth path.

Suggested Citation

  • Philippe Michel & Antoine d'Autume, 1993. "Hystérésis et piège du sous-développement dans un modèle de croissance endogène," Revue Économique, Programme National Persée, vol. 44(2), pages 431-450.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1993_num_44_2_409457
    Note: DOI:10.3406/reco.1993.409457
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 70(1), pages 65-94.
    3. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : II. New directions," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 309-341.
    4. Cohen, Daniel, 1992. "Tests of the `Convergence Hypothesis': A Critical Note," CEPR Discussion Papers 691, C.E.P.R. Discussion Papers.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    6. Paul Krugman, 1991. "History versus Expectations," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 651-667.
    7. Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-1311, July.
    8. Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, Oxford University Press, vol. 105(2), pages 501-526.
    9. Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
    10. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Guillaume Daudin, 2003. "Tous unis contre le protectionnisme des pays du Nord ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 84(1), pages 95-130.
    2. Philippe Jean-Pierre, 1997. "Sélection et tests de seuils de convergence," Revue Économique, Programme National Persée, vol. 48(3), pages 429-440.
    3. Sylvie Charlot, 1996. "Effects of public expenditures on economic development : a model of regional equilibrium
      [Les effets des dépenses publiques sur la croissance : un modèle d'équilibre régional]
      ," Working Papers hal-01526935, HAL.

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