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Subventions à l'exportation et objectifs macro-économiques : la France et la Grande-Bretagne

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  • Jacques Mélitz
  • Patrick Messerlin

Abstract

[eng] In recent years, governments increasingly resorted to export subsidies. The major motivation for blossoming of this activity seems be macroeconomic rather microeconomic in nature. This finds that a case can be made export subsidies as a mean of reducing the recessionary costs of a disinflationary program by permitting larger appreciation of the rate during the initial phases of program. But the paper also examines the incidence of export across different industries in and to a lesser extent in the Kingdom, and finds this incidence be grossly uneven. A handful industries get the lion's share of benefits, while a large number others are hurt. As a result, macroeconomic consequences of subsidies cannot justify the The distortionary effects on industrial structure are too important. [fre] Dans les années récentes, les gouvernements ont utilisé les subventions aux exportations de façon croissante. La raison essentielle de cette augmentation par rapport à la décennie précédente, semblerait être de nature macro-économique plutôt que microéconomique. Ce papier cherche à justifier les subventions aux exportations en tant que moyen permettant de réduire les effets récessionnistes d'un programme anti-inflationniste. Elles permettent alors d'obtenir un taux de change plus élevé pendant les phases initiales du programme. Les incidences des subventions sur les différentes branches de l'industrie française et, de façon moins approfondie, de l'industrie britannique sont également examinées. Il se trouve que leurs conséquences sont extrêmement inégales, très peu d'industries profitant des subventions, et beaucoup d'autres en supportant les coûts. En conséquence, les effets de distorsion sur les structures industrielles étant très importants, il devient impossible de justifier les subventions aux exportations sur des bases principalement macro-économiques.

Suggested Citation

  • Jacques Mélitz & Patrick Messerlin, 1987. "Subventions à l'exportation et objectifs macro-économiques : la France et la Grande-Bretagne," Revue Française d'Économie, Programme National Persée, vol. 2(4), pages 58-107.
  • Handle: RePEc:prs:rfreco:rfeco_0769-0479_1987_num_2_4_1159
    DOI: 10.3406/rfeco.1987.1159
    Note: DOI:10.3406/rfeco.1987.1159
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    Cited by:

    1. Dewit, Gerda, 2001. "Intervention in risky export markets: insurance, strategic action or aid?," European Journal of Political Economy, Elsevier, vol. 17(3), pages 575-592, September.

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