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

Downloading requires you to have access to the YouScribe library
Learn all about the services we offer
16 Pages
English

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

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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