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Équilibres multiples et poids de l’histoire: quelle responsabilité pour la politique économique?

  • Fabienne Bonetto

    ()

    (Université de Nice-Sophia Antipolis. CEMAFI, France)

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    En formalisant une dynamique à effets de seuil, les modèles à équilibres multiples enrichissent le paradigme de la croissance endogène; l’objectif de cet article est de montrer qu’ils renforcent également la responsabilité de la politique économique. En effet, dès lors que les conditions initiales sélectionnent l’équilibre de long terme, l’histoire de la politique publique d’investissement (au sens large) devient déterminante. Par ailleurs l’intervention publique peut permettre la sortie de la trappe de pauvreté. Sur la période 1970-1995, nous testons l’hypothèse d’effets de seuil en liaison avec le niveau initial du stock de capital (au sens large) développé par l’État. Nos résultats empiriques suggèrent un rôle pour la politique publique dans la différenciation des régimes de convergence de sorte que la relation entre la croissance et la politique économique n’est pas nécessairement linéaire.

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    File URL: http://www.panoeconomicus.rs/casopis/sestibroj/fabienne%20bonetto%20equilibres%20multiples%20et%20poids%20de%20l%20histoire%20quelle%20responsabilite%20pour%20la%20politique%20economique.pdf
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    Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

    Volume (Year): 54 (2007)
    Issue (Month): 2 (June)
    Pages: 159-184

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    Handle: RePEc:voj:journl:v:54:y:2007:i:2:p:159-184
    Contact details of provider: Web page: http://www.panoeconomicus.rs/

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