Trésor-Economics No. 59 - Distributable surplus and share-out of value added in France
The distributable surplus is the share of GDP growth available to improve the remuneration of factors of production. It stems from two sources, namely productivity gains and changes in the amount appropriated by the rest of the world through variations in the terms of trade. Consequently it is the share of growth not allocated to the remuneration of additional factors of production as measured by... Lire la suite