Tresor-Economics - Trésor Info | Direction générale du Trésor

Trésor-Eco

Trésor-Economics No. 74 - The opening of France's labour market to new EU member states: an economic primer

Rédigé par : DG Trésor 05 mai 2010

As part of the enlargement of the European Union on 1 May 2004 and 1 January 2007, it was agreed that the fifteen existing member states could introduce transitional provisions to regulate the access of NMS citizens (but those of Cyprus and Malta) to their labour markets.Like most of the "old" member states, France implimented these restrictions opening up gradually its labour market to citizens o... Lire la suite

Trésor-Eco

Trésor-Economics No. 73 - Global economic outlook, winter 2010: the first snowdrops are blooming

Rédigé par : DG Trésor 31 mars 2010

After the great recession of 2008-2009, global activity stabilized in the spring of 2009 and picked up in the summer, when most economies emerged from recession. But the recovery is fragile: in Q4 2009, when the rebound was confirmed in the United States and Japan, activity faltered in most European countries.The economic rebound has been so far driven by stimulus plans and the inversion of the in... Lire la suite

Trésor-Eco

Trésor-Economics No. 72 - The Institutional Profiles Database 2009 (IPD 2009)

Rédigé par : DG Trésor 26 février 2010

The Institutional Profiles Database (IPD) is a database quantifying the institutional characteristics of a set of developing and developed countries. The third IDP was published recently and can be consulted at no charge. It now covers 123 developed, transition and developing countries. Its predecessors, the 2001 and 2006 editions, covered 51 and 85 countries respectively.IPD 2009 has been enriche... Lire la suite

Trésor-Eco

Trésor-Economics No. 71 - Trends in the French housing market

Rédigé par : DG Trésor 31 janvier 2010

The French housing market is characterized by inadequate growth in supply relative to growth in the number of households.From 2003 to 2007 the acceleration in demand arising from the easing of financial conditions, new tax incentives, and probably the speculative nature of some property investments, led to increased pressure on prices.In a symmetric manner, the downturn in the housing market since... Lire la suite

Trésor-Eco

Trésor-Economics No. 70 - The global environment market and the outlook for French eco-businesses

Rédigé par : DG Trésor 20 janvier 2010

The environment market has expanded very rapidly since 1970. Initially confined to pollution cleanup services, it has expanded over the past ten years with the emergence of "clean" products and technologies in most sectors of the economy.It is still hard to form a picture of the environment market in statistical terms due to the lack of any standardised definition. The United Nations Environmental... Lire la suite

Trésor-Eco

Trésor-Economics No. 69 - Reducing French corporate debt: why and how?

Rédigé par : DG Trésor 17 décembre 2009

Non-financial corporations registered a sharp increase in their debt between 2004 and 2008 (by 10 percentage points of their value added). By 2008 this had reached 121% of their value added (€1,203 billion).This increase in debt since 2004 appears unrelated to the acquisition of financial assets, unlike in the late-1990s. Against a background of relatively stable mark-ups and rising dividend payou... Lire la suite

Trésor-Eco

Trésor-Economics No. 68 - French and German export specialization: similarity or divergence?

Rédigé par : DG Trésor 07 décembre 2009

Various studies of the trade performance of France and Germany find similarity in the two countries' sectoral export specializations. An examination of highly disaggregated data using the CEPII revealed comparative advantage indicator yields a more nuanced view. When examining aggregated data, France and Germany are found to have similar areas of revealed comparative advantage but those areas are... Lire la suite

Trésor-Eco

Trésor-Economics No. 67 - Measuring economic performance and social progress: the findings of the Stiglitz-Sen-Fitoussi Commission

Rédigé par : DG Trésor 02 décembre 2009

GDP cannot be regarded as the sole indicator of economic performance and social progress. This is the underlying finding of the Stiglitz Commission, which has made an unprecedented effort to study the entire body of theoretical and empirical literature devoted to measuring economic performance, quality of life, and environmental sustainability.As an indicator of economic performance, GDP is in nee... Lire la suite

Trésor-Eco

Trésor-Economics No. 66 - Global economic outlook, Autumn 2009

Rédigé par : DG Trésor 19 octobre 2009

The turmoil at the end of 2008 and the beginning of 2009 was followed by a lull in Q2 2009. With the stimulus plans starting to take effect, the pace of decline in activity slowed and certain countries even posted positive growth. This, coupled with the improvement seen on the financial markets, has tended to confirm the scenario of a gradual stabilisation of activity.The upturn is likely to remai... Lire la suite

Trésor-Eco

Trésor-Economics No. 65 - Japan's changing labour market and how it is affecting its growth model

Rédigé par : DG Trésor 11 octobre 2009

Japan's labour market model stands apart from that of other countries by the importance it places on employment, which it seeks to guarantee for life, while maintaining a high degree of wage flexibility. Among others, this has given rise to a system of company trade unions not seen elsewhere, and has led to a situation in which the unemployment rate is not particularly relevant as a variable. Gene... Lire la suite