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Les récessions sont-elles productives ? Une approche en termes de coût d'opportunité

  • Gilles Saint-Paul

[fre] Les récessions sont-elles productives ? Une approche en termes de coût d'opportunité Cet article présente, à l'aide d'un modèle simple, une recherche récente sur les interactions entre fluctuations et croissance qui insiste particulièrement sur le rôle des activités de réorganisation et de restructuration pendant les périodes de récession. [eng] Are recessions productive ? An opportunite cost approach. This article reviews recent empirical and theoretical evidence on the effect of macroeconomic fluctuations on long-run growth, with an especial emphasis on the idea that the opportunity cost of productivity-improving activities falls in recessions. The role of labor hoarding in this phenomenon is further examined.

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File URL: http://dx.doi.org/doi:10.3406/reco.1994.409579
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

File URL: http://www.persee.fr/doc/reco_0035-2764_1994_num_45_3_409579
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

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Article provided by Programme National Persée in its journal Revue économique.

Volume (Year): 45 (1994)
Issue (Month): 3 ()
Pages: 897-904

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Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_3_409579
Note: DOI:10.3406/reco.1994.409579
Contact details of provider: Web page: http://www.persee.fr/collection/reco

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  1. Campbell, John & Mankiw, Gregory, 1987. "Are Output Fluctuations Transitory?," Scholarly Articles 3122545, Harvard University Department of Economics.
  2. Ambler, S. & Cardia, E. & Phaneuf, L., 1991. "contracts de salaire, croissance endogene et fluctuations," Cahiers de recherche 9124, Universite de Montreal, Departement de sciences economiques.
  3. Saint-Paul, G., 1992. "Productivity growth and the Structure of the Business Cycle," DELTA Working Papers 92-16, DELTA (Ecole normale supérieure).
  4. Philippe Aghion & Gilles Saint-Paul, 1998. "Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey," LABOUR, CEIS, vol. 12(2), pages 279-303, 07.
  5. Bean, C., 1989. "Endogenous Growth And The Procyclical Behaviour Of Productivity," Papers 369, London School of Economics - Centre for Labour Economics.
  6. Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
  7. Mervyn A. King & Mark Robson, 1989. "Endogenous Growth and the role of History," NBER Working Papers 3151, National Bureau of Economic Research, Inc.
  8. Stadler, George W, 1990. "Business Cycle Models with Endogenous Technology," American Economic Review, American Economic Association, vol. 80(4), pages 763-78, September.
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