IDEAS home Printed from https://ideas.repec.org/p/ctl/louvir/2013021.html
   My bibliography  Save this paper

Soutenabilité forte, rente et partage de la valeur ajoutée

Author

Listed:
  • Jean-François FAGNART

    (Facultés Universitaires Saint Louis, CEREC and UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)²)

  • Marc GERMAIN

    (Université de Lille 3, EQUIPPE and UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

  • Alphonse MAGNUS

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, IRMP)

Abstract

Dans un modèle de croissance endogène reposant sur le concept de soutenabilité forte et intégrant une ressource de matière (naturellement recyclable) dont la productivité marginale est bornée, cet article reconsidère la "conjecture de Ricardo", à savoir l'éventualité d'une hausse tendancielle de la part de la rente dans la valeur ajoutée au cours du temps. Dans l'économie du modèle, une croissance quantitative (en termes du nombre de biens) ne peut être que transitoire et seule une croissance qualitative (en termes de qualité des biens) peut subsister à long terme. Nous étudions l'impact de la rareté de la ressource sur les caractéristiques du sentier de croissance stationnaire, sur le niveau de la rente et le partage de la valeur ajoutée le long de celui-ci. La part stationnaire de la rente dans la valeur ajoutée est une fonction décroissante de l'abondance de la ressource et du potentiel de dématérialisation des productions. De plus, la rareté de la ressource oppose généralement le facteur travail aux deux autres (ressource et capital), une ressource moins abondante (en termes relatifs) impliquant une part plus faibledu travail dans la valeur ajoutée et une part plus élevée de chacun des deux autres facteurs. Nous analysons ensuite numériquement la dynamique transitoire de l'économie, partant d'un état initial caractérisé par un faible stock de capital, un potentiel de progrès technique important. Même si la part de la rente dans la valeur ajoutée peut initialement évoluer de façon non monotone, les simulations tendent à montrer que la "conjecture de Ricardo" se confirme tôt ou tard le long de la dynamique transitoire: le ralentissement de la croissance quantitative s'accompagne d'une hausse de la part de la rente dans la valeur ajoutée jusqu'à sa valeur stationnaire. La tendance historique d'une baisse de la part de la rente pourrait donc s'inverser dans le futur, dès lors que les processus de découvertes de nouvelles réserves et de dématérialisation de la production sont limitées.

Suggested Citation

  • Jean-François FAGNART & Marc GERMAIN & Alphonse MAGNUS, 2013. "Soutenabilité forte, rente et partage de la valeur ajoutée," LIDAM Discussion Papers IRES 2013021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:2013021
    as

    Download full text from publisher

    File URL: http://sites.uclouvain.be/econ/DP/IRES/2013021.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bentolila Samuel & Saint-Paul Gilles, 2003. "Explaining Movements in the Labor Share," The B.E. Journal of Macroeconomics, De Gruyter, vol. 3(1), pages 1-33, October.
    2. Fagnart, Jean-François & Germain, Marc, 2011. "Quantitative versus qualitative growth with recyclable resource," Ecological Economics, Elsevier, vol. 70(5), pages 929-941, March.
    3. Philippe Askenazy & Gilbert Cette & Arnaud Sylvain, 2011. "Le partage de la valeur ajoutée," PSE-Ecole d'économie de Paris (Postprint) halshs-00654669, HAL.
    4. A. B. Atkinson, 2009. "Factor shares: the principal problem of political economy?," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(1), pages 3-16, Spring.
    5. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    6. Hill, Greg, 2001. "The Immiseration of the Landlords: Rent in a Kaldorian Theory of Income Distribution," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(4), pages 481-492, July.
    7. Anderson, Curt L., 1987. "The production process: Inputs and wastes," Journal of Environmental Economics and Management, Elsevier, vol. 14(1), pages 1-12, March.
    8. Stefan baumgärtner, 2004. "The Inada Conditions for Material Resource Inputs Reconsidered," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(3), pages 307-322, November.
    9. Hagen Krämer, 2010. "The alleged stability of the labour share of income in macroeconomic theories of income distribution," IMK Working Paper 11-2010, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    10. Zuleta, Hernando & Young, Andrew T., 2013. "Labor shares in a model of induced innovation," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 112-122.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Saumik Paul & Yoko Oishi, 2018. "A Primer on the Drivers of Labor Income Share," Working Papers id:12948, eSocialSciences.
    2. Germain, Marc, 2019. "Georgescu-Roegen versus Solow/Stiglitz: Back to a controversy," Ecological Economics, Elsevier, vol. 160(C), pages 168-182.
    3. Jean‐François Fagnart & Marc Germain & Bruno Van der Linden, 2023. "Working time reduction and employment in a finite world," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(1), pages 170-207, January.
    4. Lawrence Robert Z., 2015. "Recent Declines in Labor's Share in U.S. Income: A Preliminary Neoclassical Account," Working Paper Series rwp15-034, Harvard University, John F. Kennedy School of Government.
    5. Fagnart, Jean-François & Germain, Marc, 2011. "Quantitative versus qualitative growth with recyclable resource," Ecological Economics, Elsevier, vol. 70(5), pages 929-941, March.
    6. Paul, Saumik, 2019. "A Decline in Labor's Share with Capital Accumulation and Complementary Factor Inputs: An Application of the Morishima Elasticity of Substitution," IZA Discussion Papers 12219, Institute of Labor Economics (IZA).
    7. Kyoji Fukao & Cristiano Perugini, 2021. "The Long‐Run Dynamics of the Labor Share in Japan," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(2), pages 445-480, June.
    8. Luis Díez Catalán, 2018. "The labor share in the service economy," Working Papers 18/09, BBVA Bank, Economic Research Department.
    9. repec:pra:mprapa:43050 is not listed on IDEAS
    10. Alvarez-Cuadrado, Francisco & Long, Ngo & Poschke, Markus, 2017. "Capital-labor substitution, structural change and growth," Theoretical Economics, Econometric Society, vol. 12(3), September.
    11. Sonali Jain-Chandra & Tidiane Kinda & Kalpana Kochhar & Shi Piao & Johanna Schauer, 2019. "Sharing the Growth Dividend: Analysis of Inequality in Asia," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(12), pages 5-28, September.
    12. Marta Guerriero, 2019. "The Labor Share of Income Around the World: Evidence from a Panel Dataset," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 39-79, Springer.
    13. Petra Duenhaupt, 2011. "The Impact of Financialization on Income Distribution in the USA and Germany: A Proposal for a New Adjusted Wage Share," IMK Working Paper 7-2011, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    14. Paul, Saumik, 2018. "Capital Skill Substitutability and the Labor Income Share: Identification Using the Morishima Elasticity of Substitution," ADBI Working Papers 839, Asian Development Bank Institute.
    15. Juselius, Mikael, 2008. "Long-run relationships between labor and capital: Indirect evidence on the elasticity of substitution," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 739-756, June.
    16. Andrea Coveri & Mario Pianta, 2019. "The Structural Dynamics of Income Distribution:Technology, Wages and Profits," Working Papers 1901, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2019.
    17. Quentin Couix, 2019. "Natural resources in the theory of production: the Georgescu-Roegen/Daly versus Solow/Stiglitz controversy," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(6), pages 1341-1378, November.
    18. Walter Paternesi Meloni & Antonella Stirati, 2021. "What has driven the delinking of wages from productivity? A political economy-based investigation for high-income economies," Working Papers PKWP2104, Post Keynesian Economics Society (PKES).
    19. Jean-François Fagnart & Marc Germain & Benjamin Peeters, 2020. "Can the Energy Transition Be Smooth? A General Equilibrium Approach to the EROEI," Sustainability, MDPI, vol. 12(3), pages 1-29, February.
    20. Marta Guerriero, 2019. "Democracy and the Labor Share of Income: A Cross-Country Analysis," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 151-176, Springer.
    21. Paul, Saumik & Thomas, Liam, 2020. "The Agricultural Productivity Gap and Self-Employment Bias in the Labor Income Share," IZA Discussion Papers 13415, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    croissance endogène; soutenabilité forte; rente; partage fonctionnel de la valeur ajoutée;
    All these keywords.

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ctl:louvir:2013021. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Virginie LEBLANC (email available below). General contact details of provider: https://edirc.repec.org/data/iruclbe.html .

    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.