Performances et politiques de croissance. Un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques

Mauro Napoletano and Jean-Luc Gaffard

Revue de l'OFCE, 2010, vol. n° 112, issue 1, 213-248

Abstract: This paper empirically investigates the interplay between economic performance and policies in OECD countries. Macroeconomic theory focuses on supply policies as a key determinant of country?s economic performance. Aggregate demand can play a role only in the short-run. This view rests on the assumption that the economy is always in equilibrium. However, market distortions may impede the adjustment of the economy to equilibrium and leave room for demand also in the long run. Our analysis reveals the presence of marked cross-country differences in economic performance, according to country size and EMU membership. Furthermore, we show that differences in performance are related to diverging dynamics in domestic vs. external demand components, and to different fiscal, openness and structural policies. Finally, we discuss how these results contribute to revise the standard view about supply and demand policies in the determination of economic performance. JEL Classification codes: E63, E65, C14.

Keywords: economic growth; aggregate demand; country size; distribution dynamics; demand and supply policies; euro area (search for similar items in EconPapers)
JEL-codes: C14 E63 E65 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_112_0213 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2010-1-page-213.htm (text/html)
free

Related works:
Working Paper: Performances et politiques de croissance: un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques (2010)
Working Paper: Performances et politiques de croissance: un éclairage empirique à partir d'une étude de l'effet de la taille des pays et nouvelles réflexions théoriques (2010)
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:cai:reofsp:reof_112_0213

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().