We estimate a conditional convergence equation derived from an augmented Solow model where human capital is defined as skilled labour. We implement Generalized Method of Moments (GMM) estimators on a panel of countries. Estimation is carried out on the model in levels instrumented by the lagged...

The paper aims at assessing the net impact of the accumulation of Information and Communication Technologies (ICT) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting methodology cannot provide us with a measure of the net...

Exploring the economic consequences of demographic changes is often carried out within simple accounting frameworks. Such approaches consist of projecting the impact of ageing on social security expenditures under exogenous assumptions about economic growth, productivity, wages and employment....

At the beginning of the nineties labor productivity in France slowed down strongly. Yearly labor productivity (per worker) growth in the non-farm business sector fell from 2% during the 1982-1992 period to 0.7% between 1993 and 2000. This productivity slowdown seems to have stimulated...

The continuous innovation process experienced by the information technology industries over the last decades has caused the price of computer power to decrease dramatically. This has led many firms to invest massively in increasingly efficient computers. This paper is an attempt to assess the...

This paper investigates the substitution possibilities in the production function between capital and two labour inputs, skilled and unskilled workers. We estimate a very general system of factor demand at the firm level, using original panel data obtained by merging three different sources. We...

This paper provides evidence based on French macroeconomic data, that shocks on the cost of oil inputs are transmitted asymmetrically to the prices of fuel. We use an error correction model to estimate the dynamics of the transmission of the cost of crude oil expressed in French currency, to the...

This paper provides an empirical analysis at the firm level of the link between international trade and employment, for French manufacturing firms across the period 1986-1992, for which homogenous data are available. Firms constantly involved in international trade throughout the period...

In 1997, a new legislation banning below-invoice retail prices came into force in France. Individually negotiated discounts could no longer be passed on to consumers, which is equivalent to allowing industry-wide price oors. The anti-competitive effects of such practices are well-known. The...