Stagnation of productivity in France: a legacy of the crisis or a structural slowdown?

Gilbert Cette, Simon Corde () and Rémy Lecat
Additional contact information
Simon Corde: Centre de recherche de la Banque de France - Banque de France

Post-Print from HAL

Abstract: The productivity slowdown has been analysed either as an effect of the crisis, resulting from the financial and demand shocks, or as a more structural decline. In France, using macroeconomic and microeconomic data, we identify downward breaks in the trends of labour productivity and total factor productivity in the 2000s, several years before the crisis. These breaks result in historically weak rhythms of the trends. Using data on firms located in France, we highlight that, at the technological frontier, productivity has accelerated, especially over the recent period, which contradicts the hypothesis of a decline in innovation. The most productive firms in a given year do not, however, improve their relative advantage. The convergence of firms' productivity does not seem to have slowed down in the 2000s, which does not confirm the hypothesis of a decrease in the dissemination of innovation. On the other hand, the dispersion of productivity between firms has increased, which suggests increasing difficulties in the reallocation of production factors, labour and capital, between firms.

Keywords: labour productivity; total factor productivity; tests for breaks; dissemination of innovation (search for similar items in EconPapers)
Date: 2017-10-11
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03566951
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published in Economie et Statistique / Economics and Statistics, 2017, 494-495-496, pp.11-36. ⟨10.24187/ecostat.2017.494t.1916⟩

Downloads: (external link)
https://amu.hal.science/hal-03566951/document (application/pdf)

Related works:
Journal Article: Stagnation of productivity in France: A legacy of the crisis or a structural slowdown? (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03566951

DOI: 10.24187/ecostat.2017.494t.1916

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().