IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

La croissance est-elle possible sans spoliation ?

Listed author(s):
  • Patrick Artus
Registered author(s):

    [fre] Le niveau élevé de taux d'intérêt réel réalise un transfert des débiteurs vers les prêteurs, réduit l'investissement des entreprises et freine la croissance en France depuis 3 ans. Durant le début des années quatre- vingt, les taux d'intérêt réels étaient aussi élevés, mais les entreprises bénéficiaient d'un transfert compensateur favorable par la croissance lente du salaire réel. Remontant aux années soixante, on peut s'interroger sur la nature et la taille des transferts avec les ménages, l'Etat, le Reste du Monde dont ont profité ou qu'on subis les entreprises françaises. L'investissement et la croissance nécessitent-ils qu'une catégorie d'agents économiques soit spoliée au profit des entreprises ? [eng] High real interest rates transfer income from borrowers to lenders, and have slowed down investment and growth in France in the last three years. During the beginning of the 80 's, real rates were as high as today, but firms benefitted from offsetting transfers due to the slow growth in the real wage rate. We analyze the nature and size of transfers between households, the public sector, the rest of the world and the corporate sector in France since the 1960's. Do sustained investment and growth require that a group of economic agents has to transfer income to the corporate sector ?

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    Article provided by Programme National Persée in its journal Revue française d'économie.

    Volume (Year): 7 (1992)
    Issue (Month): 2 ()
    Pages: 31-52

    in new window

    Handle: RePEc:prs:rfreco:rfeco_0769-0479_1992_num_7_2_1307
    Note: DOI:10.3406/rfeco.1992.1307
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1992_num_7_2_1307. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.