Expliciter un cadre général d'analyse des évolutions institutionnelles contemporaines pour caractériser les grands traits d'un régime de croissance post fordiste, tel est l'objectif général du présent article. Après un rappel de quelques faits stylisés sur le régime de croissance...

In order to assess the importance of embodiment, we build up an endogenous growth model in which learning by doing is the engine of both embodied and disembodied technological progress. In sharp contrast to Phelps (1962), we show that a change in the composition of technical change affects the...

Why is it that Germany and Japan, economic miracles of the 60's are nowadays perceived as ailing capitalisms and should they adopt a typical American market led capitalism? Can the German and Japanese Social Systems of Innovation (SSI) survive into the next century? Does the opposition between...

In this paper, we present a simple vintage capital growth model in which both exogenous and endogenous fluctuations sources are present. Indeed, it can be seen as a particular case of Caballero and Hammour (1996)'s creative destruction model, with advantage that analytical characterization of...

In this article, we review the literature focusing on the relationships between inequality and economic growth. We show that wealth inequality may be bad for growth, in particular when capital markets are imperfect and agents are heterogenous, or when some agents suffer from institutional...

This paper analyzes the equilibrium dynamics of an AK-type endogenous growth model with vintage capital. The inclusion of vintage capital leads to oscillatory dynamics governed by replacement echoes, which additionnally influence the intercept of the balanced growth path. These features, which...

Cet article présente un mécanisme de croissance fondé sur le changement auto-entretenue de la division du travail. La division du travail a lieu au sein des firmes. Elle engendre des gains de productivité dans la firme, mais elle est limitée par les coûts de coordination. La division du...

Progress on the question of whether policymakers should respond directly to financial variables requires a realistic economic model that captures the links between asset prices, credit expansion, and real economic activity. Standard DSGE models with fully-rational expectations have difficulty...

En matière de développement, depuis vingt ans, les oppositions radicales ont cédé la place à de notables convergences: tant le marché que l'Etat rencontrent des limites, il convient donc de combiner plus que d'opposer leur logique. A l'Etat les décisions stratégiques, au marché le rôle...

Comment la notion d'économie de l'information peut-elle caractériser un nouveau mode de développement des économies contemporaines? Pour répondre à cette question la présente contribution prend le parti de suivre la dynamique des marchés qu'impulsent l'accumulation des connaissances et...