Le paradoxe de la productivité en France et aux États-Unis: une réévaluation

Fabrice Gilles () and Yannick L’Horty
Authors registered in the RePEc Author Service: Yannick L'Horty ()

Economie & Prévision, 2003, vol. 159, issue 3, 1-15

Abstract: In the United States, activity accelerated in the second part of the cycle from 1995 on, against a background of slower inflation. The evolution in France was qualitatively the same after 1997, indicating here too the impact of a positive supply-sideshock. Thediffusionofnewinformationandcommunicationtechnology(NICT)explainsonlypartofthese singularities. Ontheonehand,acalculationofcontributionstogrowthsuggeststhatitexplainsroughlyhalftheincrease inactivityin theUnited States andonefifth in France. Ontheother,atrend-cycledecomposition reveals that thetrend increase in growth in the United States is highly localised in the NICT producer sectors and that there was hardly any trend-break in productivity gains. In France, where sectoral differences are less distinct, the diffusion of NICT was accompanied by a slowdown in trend productivity gains. In both cases, this leaves little room for the effects of the diffusion of technical progress associated with NICT.

Keywords: new economy; growth; productivity paradox; trend; cycle decomposition (search for similar items in EconPapers)
Date: 2003
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Related works:
Journal Article: Le paradoxe de la productivité en France et aux États-Unis: une réévaluation (2003)
Working Paper: Le paradoxe de la productivité en France et aux États-Unis: une réévaluation (2003)
Working Paper: Le paradoxe de la productivité en France et aux Etats-Unis: Une réevaluation (2001)
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