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La rupture de la croissance française

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  • Dubois, Paul

Abstract

From 1974 on, economic growth in France is only 3 % per year. This is half the rate of the past. Meanwhile the inflation rate has doubled. This shift is not due to an exhaustion of the dynamism of the physical factors of growth. On the contrary, it is the weakening of the expansion which explains the slowing down of productivity. The shift is no more attributable to the choling of a demand getting close to saturation after thirty years of rapid progress of material living standard. On the contrary the demand is limited by the induced effects of stagflation, and also by the balance of payments constraint : the increase of the oil bill and the slowing down of the economic growth in our commercial partner countries has set up an external constraint and has marked the bounds of our growth capabilities.

Suggested Citation

  • Dubois, Paul, 1980. "La rupture de la croissance française," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 138.
    • Handle: RePEc:ags:ersfer:351278
    DOI: 10.22004/ag.econ.351278
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    Community/Rural/Urban Development;

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