OECD Economic Surveys: France

Every 18 months
1999-0235 (online)
1995-3178 (print)
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OECD’s periodic surveys of the French economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

Also available in French
OECD Economic Surveys: France 2003

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22 Sep 2003
9789264014879 (PDF) ;9789264014855(print)

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This 2003 edition of OECD's Economic Survey of France examines recent economic developments, policies and prospects and includes special features on public expenditure management and policies to raise potential output.

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  • Assessment and Recommendations

    Activity has slowed in the past 18 months, following several years of strong employment and output growth. Although GDP increased by only 1.2 per cent in 2002, the labour market has resisted remarkably well. Employment has continued to rise and unemployment has edged up only marginally...

  • Overview of Economic Development and Challenges

    During the second half of the 1990s, the French economy grew strongly, outperforming the average for both the OECD and the euro area. Between 1997 and 2000 GDP grew faster than potential, reversing the output gap that had emerged in the first half of the decade. The recovery was sustained by strong domestic demand, itself supported by tax cuts, an investment boom connected to the stock market bubble, strong employment growth and, towards the end of the period, a relaxation of fiscal policy…

  • Policies to Raise Potential Output

    In order to raise standards of living and ensure the long-term viability of France’s social welfare system, labour utilisation rates need to be increased substantially and the rate of growth of productivity raised. As indicated in Chapter I and notwithstanding the strong employment growth of the past several years, France has among the lowest employment rates in the OECD (22nd out of 30 countries in 2001). While raising France’s employment rate to OECD average levels -- or even that of the best performers -- would not permanently raise the rate of growth of potential output, it would raise the long-term level of potential and, during the transition period, its rate of growth…

  • Public Expenditure Management

    The past 50 years have seen the role of the public sector change dramatically in France. As the economy grew and society became richer, the public sphere took on increasing responsibility for providing services to the population. For the most part, responsibility for administering the delivery of these services has been delegated to the social partners and sub-national levels of government…

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