Resurgence of fiscal interventionism: A longitudinal analysis of public aid to businesses in France since 1949.
The 1980s marked the transition from demand-driven Fordist policies to supply-driven ones, emphasizing budgetary discipline and competitiveness. However, this shift did not signal the end of fiscal interventionism but rather its transformation. In this paper, we introduce a novel indicator that enco...
| Publicado en: | Cambridge Journal of Economics Vol. 50; no. 4; pp. 713 - 744 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Jul2026
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=195714134&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 195714134 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0309166X CEC jtl: Cambridge Journal of Economics issn: 0309166X maglogo: N pubinfo: dt: Jul2026 vid: 50 iid: 4 pid: 622 pub: Oxford University Press / USA artinfo: ui: 195714134 10.1093/cje/beag017 ppf: 713 ppct: 31 formats: tig: atl: Resurgence of fiscal interventionism: A longitudinal analysis of public aid to businesses in France since 1949. aug: au: Abdelsalam, Aïmane Vigny, Léo affil: University of Lille, Lille, FranceLaboratory for Interdisciplinary Evaluation of Public Policies, Paris, France Laboratory for Interdisciplinary Evaluation of Public Policies, Paris, France su: France Government aid Economic policy Subsidies Tax expenditures French history Transfer payments sug: subj: Government aid Economic policy Subsidies France Tax expenditures French history Transfer payments keyword: copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 fiscal policy inLanguage:en public aid publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beag017 subsidies tax expenditures copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 fiscal policy inLanguage:en public aid publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beag017 subsidies tax expenditures ab: The 1980s marked the transition from demand-driven Fordist policies to supply-driven ones, emphasizing budgetary discipline and competitiveness. However, this shift did not signal the end of fiscal interventionism but rather its transformation. In this paper, we introduce a novel indicator that encompasses all government-to-business wealth transfers, including direct expenditures and tax expenditures. This new measure offers a clearer picture of the level of government support for businesses. Findings reveal that French public aid surged over three decades, reaching 8 per cent of GDP by 2019, making it the fastest-growing budget item since the 1990s. Fiscal policy has not been abandoned in the post-Fordist era; it is now employed as a supply-side strategy rather than a demand-side one. We also evaluate this fiscal policy, showing that while state aid has a limited impact on employment and investment, it significantly boosts corporate margins after the Great Financial Crisis. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|