France : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/003

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--France.

Fiscal policy.

Taxation--France.

Taxation.

Industrial productivity--France.

Industrial productivity.

France--Economic conditions--1995-.

France.

France--Economic policy--1995-.

France--Economic conditions--1995---Statistics.

Physical Description:

1 online resource (80 p.)

Other Title:

France, selected issues

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

The paper identifies France’s structural reforms that would yield the largest competitiveness gains based on macro-empirical evidence, and reviews signs of potential gains from a deregulation of the services sector. It is expected that completing deregulation in the services sector would benefit the entire French economy, by boosting productivity and exports. Econometric results have estimated the impact of reducing the labor taxation and labor market rigidities and of increasing innovation to the average level of other advanced countries.

Contents:

Cover; CONTENTS; FRENCH BANKS: BUSINESS MODEL AND FINANCIAL STABILITY; A. The Domestic Context; Tables; 1.1. France: Household Financial Savings; B. A Global Expansion Halted by the 2007 to 2008 Crisis; C. The Eurozone Crisis: An Increasingly Challenging Operating Environment; 1.2.Daily Movements of Selected Financial Indicators; D. Adapting to the New Environment; References; 1. French Banks: Business Model and Financial Stability; GROWTH AND FISCAL SPILLOVERS OF FRANCE; A. Introduction; B. Fiscal Spillovers; C. Growth Spillovers; D. Conclusion; 2. Growth and Fiscal Spillovers of France

Appendixes1. A Measure of the Effect of Global Consolidation; 2. Data; FRANCE: FINANCIAL SPILLOVERS; A. Banking Deleveraging Spillovers; Boxes; 1. Understanding International Banking Statistics of the BIS; B. Sovereign Interest Rate Spillovers; 3. France: Financial Spillovers; STRUCTURAL REFORMS AND EXPORT PERFORMANCE; A. France Competitiveness Problem; Figures:; 1.1. External Accounts; 1.2. Trade Balance; 1.3. Trade in Good by Region; 1.4. Share in World Merchandise Exports; 1.5. Share in World Export Services; B. Methods and Data; C. Basic Specification

D. Identifying the Structural Reforms that Improve Export Performance2.1. Basic Specification; 2.2. Impact of a Trade Reform; 2.3. Impact of a Reform in Labor Taxation; 2.4. Impact of a Labor Market Reform; E. An Application to France; 2.5. Impact of Increasing Innovation; 2.6. Impact of Structural Reforms on France's Exports and Current Account; 1.6. Labor Tax Wedge at Average Wage; 1.7. Growth in Triadic Patents; F. Conclusion; 4. Structural Reforms and Export Performance; GAINS FROM SERVICES SECTOR DEREGULATION; A. A Highly Regulated Services Sector by OECD Standards

B. Regulation and Productivity Growth of the Services Sector2.1. Total Factor Productivity; 3.1. Transport Sector: Impact on the Change in Regulation on Total Factor Productivity Growth; 3.2. Post and Telecommunications: Impact on the Change in Regulation on Total Factor Productivity Growth; C. Regulation and Productivity Growth: Spillover and Macroeconomic Impact; 3.3. Inputs as a Share of Gross Output; 2.2. Share of Imported Intermediates in Total Consumption of Intermediates; 3.4. Impact of a 1 Percent Change in Services Competition on Average Manufacturing Firm's Total Factor Productivity

3.5. Average Annual Multifactor Productivity Growth Gains from Simulated Reforms Implemented in 2010 for the Period 2011-2015D. Conclusion; 5.Gains From Services Sector Deregulation; 3. Empirical Evidence of Spillovers from Services Sector Reform

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475586008

1475586000

9781475576832

1475576838

9781299264847

1299264840

9781589065895

1589065891