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The French Economy in the Nineteenth Century - An Essay in Econometric Analysis (Paperback)
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The French Economy in the Nineteenth Century - An Essay in Econometric Analysis (Paperback)
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Total price: R1,105
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The modernisation of the French economy in the nineteenth century
raises a difficult question for the historian. The country
experienced definite advances but also a long period of stagnation
that for a while threatened its competitiveness and capacity to
expand. The alternation of advances and setbacks is sometimes
attributed to the effects of long-run cycles or to political
events. Although these factors play a significant role in this
study, the objective is to examine whether the French performance
followed a fundamental pattern at a macro-economic level and,
specifically, whether it was determined by collective behaviour
that made adaptation to the constraints of technical progress and
international competition more difficult and slower. The work is
divided into two complementary parts. The first is historical and
reviews the stages of French growth and the main hypotheses that
explain this development. The second uses econometric analysis to
test the validity of the mechanisms proposed and, by modelling the
economy, examines its evolving structure and dynamics with greater
precision. The statistical series that form the basis of this study
are collected in the appendix for easy reference.
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