Tresor-Economics

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French emigration throughout the globe: What does the increase reveal?

Although recent data confirm the trend of an increase in the number of French people leaving France for other countries over the last fifteen years, emigration rates for France remain among the lowest in the OECD. Working-age people are over-represented among French emigrants, and the latter appear on average to be better educated than the natives who remain in France. The gap between the educatio... Lire la suite

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Vulnerability of French and European imports

Our economy needs products and raw materials of foreign origin, especially for our industrial production, which can lead to vulnerabilities in the event of supply disruptions. However, an analysis of the concentration of French imports and their potential diversification reveals a limited number of vulnerable products. Security strategies at the level of companies, States and the European Union ca... Lire la suite

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The contribution of creative destruction to productivity growth in France

Job reallocations between companies contribute significantly to productivity gains in France. These reallocations take place both between permanent companies and through the phenomenon of creative destruction, i.e. the entry and exit of companies. Whereas, until the 2008 crisis, productivity gains were mainly due to permanent companies, creative destruction contributed much more to productivity ga... Lire la suite

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The economic determinants of social crises in Latin America

Despite a rise in the standard of living that has led to a reduction in poverty, inequalities remain high, particularly between urban and rural areas in terms of access to public services. These inequalities are exacerbated in the context of a marked slowdown in growth since 2011 and limited budgetary room for manoeuvre to support the economy and reduce inequalities. Various protest movements have... Lire la suite

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Digitalisation in France's business sector

Digital transformation is a multi-dimensional process, a vector of innovation and feeds productivity gains. The degree to which French businesses have digitalised is comparable to the rest of Europe. As abroad, SMEs and a fortiori VSEs lag behind large companies in terms of digitisation. The health crisis has shown that digital technology contributes to the resilience of the economy by allowing fl... Lire la suite

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What do we know about the economic effects of remote work?

Many French people have tested teleworking during the first confinement and could keep the taste of it. A generalisation of telework, even if it remains partial, would have a potentially significant impact on the world of work and beyond. If implemented under the right conditions, telework can represent an opportunity for the economy, going beyond its current health benefits alone.... Lire la suite

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Female labour force participation in South Asia

While gender equality is in itself a crucial development goal that addresses moral and societal issues, it is also of significant economic interest. Realizing women's full economic potential would have a major impact on the growth of economies, particularly in South Asia, the region of the world where labour market participation is the most unequal between the sexes.... Lire la suite

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Services in French foreign trade

Since the early 2000s, services have accounted for a growing share of France's trade, making it one of the world's leading exporters of services. This trade is based on historical strengths, such as tourism, but it is business services that are the main driving force behind it. While trade in goods has been in deficit since 2004, trade in services has been in surplus and is helping to rebalance th... Lire la suite

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The international strategies of France's business sector

Since the early 2000s, French companies have favored investments rather than exports to develop internationally. These strategies, which may have affected the added value produced in France, reflect a loss of competitiveness, a positioning in the mid-range market or the predominance of large companies. The fiscal and structural reforms of recent years and the Covid-19 crisis could reverse this tre... Lire la suite

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World economic outlook in autumn 2020: What sort of recovery after the record economic decline?

The covid-19 epidemic and associated containment measures would result in a historic decline in global activity by 2020. Emerging economies would catch up by the end of 2021 to their 2019 level of activity, unlike advanced economies, where the rebound would be more limited. The decline in trade would be even more pronounced. Developments in the epidemic, the productive fabric, the labor market, an... Lire la suite