From Catching up to Innovation-based Growth in France and Europe

Description

From Catching up to Innovation-based. Growth in France and Europe. Frédérique Sachwald. IFRI. 1St EIASM Foresight Conference. Dec. 20-21, Hotel ...

Sujets

• Économie
• Economy

Informations

• Publié par: paul.vallen
• Nombre de lectures: 11
• Langue: English

Extrait

1 St EIASM Foresight Conference   Dec. 20-21, Hotel Metropole, Brussels.

“Management, Research & Economic Growth in Europe: Are we in trouble?”

From Ca tching up to Innovation-based Gro wth in France and Europe

Frédérique Sachwald IFRI

6,5%

6,0% 5,5%

5,0%

4,5%

4,0%

3,5%

3,0%

2,5% 2,0%

1,5%

Growth trend in Franc aend the United States (% per year)

U.S

France

Frédérique Sachwald, IFRI

2

 

 

Rate of growth in Franc eand the United S t a t e s (Averag eannua lrate b yp eriod)

1950-1973

1974-1982

1983-1992

1993-2003

Growth in volume

France

5.5%

2.3%

2.4%

1.9%

United-States

3.9%

2.3%

2.9%

3.3%

Frédérique Sachwald, IFRI

Average annual difference

1.6%

0.0%

-0.6%

-1.4%

3

Interpretationso f the disappointingF rench economicperformance

„  Quantity of labour andb loaur market characteristics

„  Lack of investment ik n  owledge and insufficient innovation

 

Frédérique Sachwald, IFRI

4

2 200

2 100

2 000

1 900

1 800

1 700

1 600

1 500

1 400

  H

uosr worked per annu ,ybmw okre

in Franceandin theUnitedStates

France U.S.

Frédérique Sachwald, IFRI

r,

5

8,0%

7,0%

6,0%

5,0%

4,0%

3,0%

2,0%

1,0%

0,0%

-1,0%

-2 0% ,

Totalfactor productivity (Annualv ariation in  %)

Frédérique Sachwald, IFRI

TFP TFP Trend

6

Variations in thceo  mposition of val  u a e dded, in Franceandthe US, 1981-2001 (In points o fpercent ag)e

Etats-Unis Agriculture, mines France 15

Collective services

Finance

Transports, communications

10 5

0

-5

-10

Retail, restaurants, hotels

Frédérique Sachwald, IFRI

Industry

Construction

Electricity, gas, water

7

Variation in the compositioni nodf  ustrialvalue added in Franceandthe U.S., 1981 - 2001  (In points o fpercent ag)e

Automobile Oil and other combustibles 6,0 4,0 Other machines 2,0 0,0 -2,0 -4,0 -6,0

Textile

Data processing

Plastics

Instruments

Telecom. and media products

Pharmaceuticals Paper, printing

Metals

Other transport

Electrical machinery

Chemicals

Wood industry Foods tuff, tobacco United States France Germany

Frédérique Sachwald, IFRI

8

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

France: exports structure 1961-2001

1961

1965

1969 1973 1977 1981

Labour intensive industries

Specialized suppliers

1985 1989 1993 1997

Scale intensive industries

R&D intensive industries

Frédérique Sachwald, IFRI

2001

9

35%

30%

25%

20%

15%

10%

5%

0%

1961

U.S.: exports structure 1961-2001

1965 1969 1973 1977 1981 1985 1989 1993 1997

Labour intensive industries Scale intensive industries

Specialized suppliers

R&D intensive industries

Frédérique Sachwald, IFRI

2001

10

25 20 15

10

5

0

-5

-10

-15

Share of ICT in i  nves tment in Franc   e andthe United States in %

Gap France/U.S. France U.S.

Frédérique Sachwald, IFRI

11