TY - BOOK ID - 84540992 TI - Capital and Trade As Engines of Growth in France : An Application of Johansen's Cointegration Methodology AU - Coe, David. AU - Moghadam, Reza. PY - 1993 SN - 1462394493 1455239356 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Business enterprises KW - Corporate Finance and Governance: General KW - Corporate Finance KW - Corporate sector KW - Economic Integration KW - Economic sectors KW - Economic theory KW - Financial institutions KW - Financial Instruments KW - Income economics KW - Institutional Investors KW - Investment & securities KW - Investments: Stocks KW - Labor economics KW - Labor Economics: General KW - Labor KW - Labour KW - Macroeconomics KW - Macroeconomics: Production KW - Non-bank Financial Institutions KW - Ownership & organization of enterprises KW - Pension Funds KW - Potential output KW - Production and Operations Management KW - Production growth KW - Production KW - Stocks KW - France UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540992 AB - An aggregate production function is estimated with recent cointegrating techniques that are particularly appropriate for estimating long-run relationships. The empirical results suggest that the growth of output in France has been spurred by increased trade integration within the European Community and by the accumulation not only of business sector capital—the only measure of capital included in most empirical studies—but also by the accumulation of government infrastructure capital, residential capital, and R&D capital. Calculations of potential output indicate that trade and capital—broadly defined—account for all of the growth in the French economy during the last two decades. ER -