Les récessions sont-elles productives ? Une approche en termes de coût d'opportunité

Gilles Saint-Paul

Revue Économique, 1994, vol. 45, issue 3, 897-904

Abstract: [fre] Les récessions sont-elles productives ? Une approche en termes de coût d'opportunité. . Cet article présente, à l'aide d'un modèle simple, une recherche récente sur les interactions entre fluctuations et croissance qui insiste particulièrement sur le rôle des activités de réorganisation et de restructuration pendant les périodes de récession. [eng] Are recessions productive ? An opportunite cost approach.. . This article reviews recent empirical and theoretical evidence on the effect of macroeconomic fluctuations on long-run growth, with an especial emphasis on the idea that the opportunity cost of productivity-improving activities falls in recessions. The role of labor hoarding in this phenomenon is further examined.

Date: 1994
Note: DOI:10.3406/reco.1994.409579
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.3406/reco.1994.409579 (text/html)
https://www.persee.fr/doc/reco_0035-2764_1994_num_45_3_409579 (text/html)
Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

Related works:
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:prs:reveco:reco_0035-2764_1994_num_45_3_409579

Access Statistics for this article

Revue Économique is currently edited by Presses de Sciences-Po

More articles in Revue Économique from Programme National Persée
Bibliographic data for series maintained by Equipe PERSEE ().