Les déterminants du taux de marge en France et quelques autres grands pays industrialisés : analyse empirique sur la période 1970-2000

摘要

Determinants of Profit Ratio in France and Other Major Industrialised Countries : Empirical Analysis Over the Period from 1970 to 2000. 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.