France: Selected Issues
Volume/Issue:
Volume 2003
Issue 335
Publication date: October 2003
ISBN: 9781451813548
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Labor , Taxation - General , ISCR , CR , ALMPs Affect Employment , income , labour market , total factor productivity growth , labor market , proportional tax , tax burden , capital service , ALMP exp , Total factor productivity , Personal income tax , Social security contributions , Corporate income tax , Labor taxes , Europe , Global
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Summary
This Selected Issues paper first explains the recent increase in trend growth and then discusses how labor market and tax policies could best sustain it. This study calculates French trend growth estimating simultaneously a Cobb–Douglas production technology and total factor productivity. The main conclusion is that French trend growth indeed increased during the second half of the 1990s to an average annual rate of 2.1 percent, from 1.8 percent in 1993. This was not owing to a recovery of total factor productivity growth.
