IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/1023.html
   My bibliography  Save this paper

French Post-war Growth: From (Indicative) Planning to (Administered) Market

Author

Listed:
  • Sicsic, Pierre
  • Wyplosz, Charles

Abstract

France's post-war growth has gone through four phases. The strong growth performance of the 1950s was helped by a phenomenon of catch-up on best foreign practices, and by a positive effect of capital rejuvenation. Yet the best performance was to follow and covered a period beginning around 1958 and coming to an abrupt end in 1973. The macroeconomic treatment of the oil shock was less than happy, and the supply-side measures came to a standstill. The 1980s proved no better, even though further liberalization measures were taken, this time in the financial markets as well the privatization of significant part of state-owned industry.Despite several waves of liberalization, significantly after the creation of the EEC and the return of the franc to convertibility, both in 1958, and then in the 1980s, France still appears to be struggling and suffering from lingering powerful rigidities. Labour market institutions and human capital accumulation may have replaced protection and inefficient productive capital accumulation as the main source of slower growth.

Suggested Citation

  • Sicsic, Pierre & Wyplosz, Charles, 1994. "French Post-war Growth: From (Indicative) Planning to (Administered) Market," CEPR Discussion Papers 1023, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1023
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1023
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    France; Growth; Human Capital; Planning; Post-war Reconstruction;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G2 - Financial Economics - - Financial Institutions and Services
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N2 - Economic History - - Financial Markets and Institutions
    • P0 - Political Economy and Comparative Economic Systems - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:1023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.