[eng] Since 1980 the direct investments of the United States in western developed countries have fluctuated considerably. The large disinvestment of the early eighties in Europe and Canada has been recently followed by substantial reinvestments. This paper introduces a theoretical explanation of...

[eng] Mimosa, a macroeconomic model of the world economy, jointly built by the CEPII and the OFCE, is now operational. This article presents its main features and describes some monetary and fiscal multipliers. The economies of the six bigger industrialised countries are described in great...

[eng] Relative Cost of Capital to Labour and Substitution : Does the Link Still Exist ? Jérôme Henry, Véronique Leroux, Pierre-Alain Muet In France, the slowdown in economic growth which occurred after each oil shock has been followed by a simultaneous reduction of the productivity of both...

[eng] The analysis of National Income distribution is often restricted to that of the shares of wages and profits in value added, the main determinants of which are changes in productivity and real wages. This is because a study first focused on G.D.P, thus including all indirect taxes, then on...

[eng] Two Decompositions of National Income in the Major OECD Countries Jérôme Henry, Jacques Le Cacheux Two alternative decompositions of national income are commonly undertaken : the division of value added amongst major actors of the production process, i.e. the distribution of gross income...

[eng] The article presents the first medium-term projection of the world economy made using MIMOSA, a model built jointly by the CEPII and the OFCE. After the unexpectedly good performance of the world economy in 1988, a period of slow down could take place in 1989/1990, resulting in part from...