Le passage du fordisme au néolibéralisme au Canada
A dynamic heterodox model for an open economy is built from the Marxist and Regulationist approaches. Although the Error Correction Model (cointegration analysis) is rarely used by heterodox economists, that method of estimation is used for a long-run period 1947-1999 and for two sub-periods: 1947-7...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2010-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/8938 |
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| _version_ | 1832577877998043136 |
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| author | Jean-Guy Loranger Gérard Boismenu |
| author_facet | Jean-Guy Loranger Gérard Boismenu |
| author_sort | Jean-Guy Loranger |
| collection | DOAJ |
| description | A dynamic heterodox model for an open economy is built from the Marxist and Regulationist approaches. Although the Error Correction Model (cointegration analysis) is rarely used by heterodox economists, that method of estimation is used for a long-run period 1947-1999 and for two sub-periods: 1947-75 and 1976-99. The change in the magnitude of parameters validates the importance of structural changes that occurred between the Fordist period and the post-Fordist period, called a neoliberal regime. The main structural changes are the de-linkage of the US dollar from gold, the change of the exchange regime, the end of the cold war, the change of monetary policy, the change of the distribution rate in favour of capital (and financial capital via financial derivatives), the decreasing impact of productivity on real wage and aggregate demand, the increase of the impact of the state on productivity via its expenditures on education, health and other infrastructure expenditures. |
| format | Article |
| id | doaj-art-2393e2274991426198526e48a5d52608 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2010-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-2393e2274991426198526e48a5d526082025-01-30T14:27:18ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962010-12-01810.4000/regulation.8938Le passage du fordisme au néolibéralisme au CanadaJean-Guy LorangerGérard BoismenuA dynamic heterodox model for an open economy is built from the Marxist and Regulationist approaches. Although the Error Correction Model (cointegration analysis) is rarely used by heterodox economists, that method of estimation is used for a long-run period 1947-1999 and for two sub-periods: 1947-75 and 1976-99. The change in the magnitude of parameters validates the importance of structural changes that occurred between the Fordist period and the post-Fordist period, called a neoliberal regime. The main structural changes are the de-linkage of the US dollar from gold, the change of the exchange regime, the end of the cold war, the change of monetary policy, the change of the distribution rate in favour of capital (and financial capital via financial derivatives), the decreasing impact of productivity on real wage and aggregate demand, the increase of the impact of the state on productivity via its expenditures on education, health and other infrastructure expenditures.https://journals.openedition.org/regulation/8938macroeconomicsdynamic modelcointegrationstructural changes |
| spellingShingle | Jean-Guy Loranger Gérard Boismenu Le passage du fordisme au néolibéralisme au Canada Revue de la Régulation macroeconomics dynamic model cointegration structural changes |
| title | Le passage du fordisme au néolibéralisme au Canada |
| title_full | Le passage du fordisme au néolibéralisme au Canada |
| title_fullStr | Le passage du fordisme au néolibéralisme au Canada |
| title_full_unstemmed | Le passage du fordisme au néolibéralisme au Canada |
| title_short | Le passage du fordisme au néolibéralisme au Canada |
| title_sort | le passage du fordisme au neoliberalisme au canada |
| topic | macroeconomics dynamic model cointegration structural changes |
| url | https://journals.openedition.org/regulation/8938 |
| work_keys_str_mv | AT jeanguyloranger lepassagedufordismeauneoliberalismeaucanada AT gerardboismenu lepassagedufordismeauneoliberalismeaucanada |