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Cet article est destiné à montrer quelques aspects importants de processus de changement hors de l’équilibre ; en particulier la distorsion de la capacité productive associée à un changement structurel et ses effets au cours du temps. Il est mis en évidence, à titre d’exemple, qu'un...

This paper is aimed at showing the complementarity between Richardson's and Hicks' contributions as regards the sketching out of a proper analytical framework for dynamic analysis. These contributions deal with two essential analytical ingredients that the out-of-equilibrium analysis of...

The explosion of the global financial crisis in 2008 and its transmission to the real economies have been interpreted as calling for new kinds of regulation of the banking and the financial systems that would have allowed reestablishing a virtuous relation between the real and the financial...

Dans les approches traditionnelles (keynésienne et monétariste), toute rupture d'une situation d'équilibre pré-existante est interprétée comme un problème d'instabilité et la politique économique est conçue, en conséquence, comme une politique de stabilisation. L'idée sous-jacente,...

Keynes' theory can be interpreted as dealing with unemployment as a disequilibrium phenomenon in an essentially dynamic context. In this perspective, it is much more important to explain why unemployment changes than to identify a presumed level of equilibrium for this variable. Patinkin, an...

Keynes' main concern in the General Theory is about the capacity of an economy to return to a full employment equilibrium when subject to a (negative) demand shock. He maintains that money wages cuts may not help reabsorb unemployment, as they do not necessarily imply a fall in real wages. On...

This paper analyses post-entry and pre-exit performance of French firms using a dataset covering 14 manufacturing industries over the period 1990-2002. The main focus is on market selection mechanisms looking at total factor productivity levels of entrants and exitors relative to incumbent...

The paper analyzes the link between financial constraints and firm export behavior. Our main finding is that firms enjoying better financial health are more likely to become exporters. The result contrasts with the previous empirical literature which found evidence that export participation...

Cette étude analyse le lien entre l’efficacité productive et les performances à l’exportation de 23 000 entreprises manufacturières françaises entre 1990 et 2002. Nous montrons que les firmes exportatrices françaises sont en moyenne plus grandes, plus intensives en capital et plus...