The Determinants of Profit Ratios in France and Other Major Industrialized Countries: An Empirical Analysis
Type de matériel :
TexteLangue : français Détails de publication : 2003.
Sujet(s) : Ressources en ligne : Abrégé : This study explores the factors driving the observed movements in the profit ratio in several industrialised countries. It suggests the following conclusions: - in France, the profit ratio returned in the nineties to the level recorded in the beginning of the seventies (after stripping out the impact of self-employment); - in France, Germany and Japan, the profit ratio seems driven in the medium to long term by the real interest rate, the relative price of energy and the capacity utilisation rate; - in France, the change in the unemployment rate affects the profit ratio in the short term. This may confirm the impact on bargaining power of the disequilibrium in the labour market.
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This study explores the factors driving the observed movements in the profit ratio in several industrialised countries. It suggests the following conclusions: - in France, the profit ratio returned in the nineties to the level recorded in the beginning of the seventies (after stripping out the impact of self-employment); - in France, Germany and Japan, the profit ratio seems driven in the medium to long term by the real interest rate, the relative price of energy and the capacity utilisation rate; - in France, the change in the unemployment rate affects the profit ratio in the short term. This may confirm the impact on bargaining power of the disequilibrium in the labour market.
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