https://baripedia.org/index.php?action=history&feed=atom&title=Macroeconom%C3%ADa_Abierta%3A_Conceptos_b%C3%A1sicos 2026-06-01T23:08:30Z Historique des versions pour cette page sur le wiki MediaWiki 1.38.6 https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46769&oldid=prev 2020-04-03T17:26:47Z

<p><span dir="auto"><span class="autocomment">Déficits et surplus globaux</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:26</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l196">Ligne 196 :</td> <td colspan="2" class="diff-lineno">Ligne 196 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA  investissement à l’étranger 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA  investissement à l’étranger 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== Déficits <del style="font-weight: bold; text-decoration: none;">et surplus globaux </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== Déficits <ins style="font-weight: bold; text-decoration: none;">y superávits generales </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Dans les années récentes</del>, <del style="font-weight: bold; text-decoration: none;">on trouve des pays qui ont des très grands surplus </del>(<del style="font-weight: bold; text-decoration: none;">pays émergents </del>+ <del style="font-weight: bold; text-decoration: none;">pays exportateurs </del>de <del style="font-weight: bold; text-decoration: none;">pétrole</del>) <del style="font-weight: bold; text-decoration: none;">et des pays avec des très grands </del>déficits (<del style="font-weight: bold; text-decoration: none;">USA en tête </del>+ <del style="font-weight: bold; text-decoration: none;">un certain nombre de pays développés</del>).</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">En los últimos años</ins>, <ins style="font-weight: bold; text-decoration: none;">hay países con superávit muy grandes </ins>(<ins style="font-weight: bold; text-decoration: none;">países emergentes </ins>+ <ins style="font-weight: bold; text-decoration: none;">países exportadores </ins>de <ins style="font-weight: bold; text-decoration: none;">petróleo</ins>) <ins style="font-weight: bold; text-decoration: none;">y países con </ins>déficits <ins style="font-weight: bold; text-decoration: none;">muy grandes </ins>(<ins style="font-weight: bold; text-decoration: none;">encabezados por los Estados Unidos </ins>+ <ins style="font-weight: bold; text-decoration: none;">varios países desarrollados</ins>).</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Déficits et surplus globaux 1.png|400px|center|vignette|Source: Feenstra and Taylor, 2008]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Déficits et surplus globaux 1.png|400px|center|vignette|Source: Feenstra and Taylor, 2008]]</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46768&oldid=prev 2020-04-03T17:26:29Z

<p><span dir="auto"><span class="autocomment">USA: investissement à l’étranger</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:26</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l190">Ligne 190 :</td> <td colspan="2" class="diff-lineno">Ligne 190 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA épargne et investissement domestique 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA épargne et investissement domestique 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">USA</del>: <del style="font-weight: bold; text-decoration: none;">investissement à l’étranger </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">EE.UU.</ins>: <ins style="font-weight: bold; text-decoration: none;">Inversión Extranjera </ins>==</div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div> </div></td></tr> <tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Los EE.UU. es el mayor país deudor del mundo (alta C + sucesión de déficits presupuestarios). Esta deuda está financiada principalmente por los países recientemente industrializados, NIC (China, Asia sudoriental...). Problema potencial a largo plazo: confianza en la capacidad de los EE.UU. para pagar su deuda (ver lectura adicional). </ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Les USA sont le plus grand pays débiteur au monde (C élevé + succession de déficits budgétaires). Cette dette est financée surtout par les Nouveaux Pays Industrialisés, NPI, (Chine, Sud Est Asiatique ...). Problème potentiel à la longue: confiance dans la capacité des USA de rembourser leur dette (cf. lectures additionnelles). </del></div></td><td colspan="2" class="diff-side-added"></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA  investissement à l’étranger 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA  investissement à l’étranger 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46767&oldid=prev 2020-04-03T17:26:08Z

<p><span dir="auto"><span class="autocomment">USA: épargne et investissement domestique</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:26</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l186">Ligne 186 :</td> <td colspan="2" class="diff-lineno">Ligne 186 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>NB: No hay una balanza comercial &quot;buena&quot; o &quot;mala&quot;. El comercio internacional permite a los países consumir más o menos de lo que producen, de la misma manera que los préstamos y los empréstitos lo hacen para las personas.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>NB: No hay una balanza comercial &quot;buena&quot; o &quot;mala&quot;. El comercio internacional permite a los países consumir más o menos de lo que producen, de la misma manera que los préstamos y los empréstitos lo hacen para las personas.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">USA</del>: <del style="font-weight: bold; text-decoration: none;">épargne et investissement domestique </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">EE.UU.</ins>: <ins style="font-weight: bold; text-decoration: none;">ahorro e inversión interna </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA épargne et investissement domestique 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro USA épargne et investissement domestique 1.png|400px|vignette|centré]]</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46766&oldid=prev 2020-04-03T17:25:46Z

<p><span dir="auto"><span class="autocomment">Flux internationaux de biens et de capitaux</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:25</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l180">Ligne 180 :</td> <td colspan="2" class="diff-lineno">Ligne 180 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Esto implica que si el país genera un ahorro interno neto, exporta capital (NCO &gt; 0 y BMC &lt; 0: salida neta de capital = posición acreedora neta), su CB es positivo y acumula créditos sobre los extranjeros. Por el contrario, si el país tiene una necesidad de endeudamiento neto (por ejemplo, porque el déficit del gobierno supera el superávit del ahorro privado sobre la inversión), importa capital (NCO &lt; 0 y BMC &gt; 0: entrada de capital = posición deudora neta), su BC está en déficit y contrae deuda externa.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Esto implica que si el país genera un ahorro interno neto, exporta capital (NCO &gt; 0 y BMC &lt; 0: salida neta de capital = posición acreedora neta), su CB es positivo y acumula créditos sobre los extranjeros. Por el contrario, si el país tiene una necesidad de endeudamiento neto (por ejemplo, porque el déficit del gobierno supera el superávit del ahorro privado sobre la inversión), importa capital (NCO &lt; 0 y BMC &gt; 0: entrada de capital = posición deudora neta), su BC está en déficit y contrae deuda externa.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">Flux internationaux </del>de <del style="font-weight: bold; text-decoration: none;">biens et de capitaux </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">Corrientes internacionales </ins>de <ins style="font-weight: bold; text-decoration: none;">bienes y capitales </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Flux internationaux de biens et de capitaux 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Flux internationaux de biens et de capitaux 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>NB<del style="font-weight: bold; text-decoration: none;">.</del>: <del style="font-weight: bold; text-decoration: none;">Il n'y a pas de balance commerciale </del>&quot;<del style="font-weight: bold; text-decoration: none;">bonne</del>&quot; <del style="font-weight: bold; text-decoration: none;">ou </del>&quot;<del style="font-weight: bold; text-decoration: none;">mauvaise</del>&quot;. <del style="font-weight: bold; text-decoration: none;">Le commerce international permet aux pays </del>de <del style="font-weight: bold; text-decoration: none;">consommer plus ou moins </del>de <del style="font-weight: bold; text-decoration: none;">ce qu'ils produisent, exactement comme les emprunts et les prêts le font pour les individus</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>NB: <ins style="font-weight: bold; text-decoration: none;">No hay una balanza comercial </ins>&quot;<ins style="font-weight: bold; text-decoration: none;">buena</ins>&quot; <ins style="font-weight: bold; text-decoration: none;">o </ins>&quot;<ins style="font-weight: bold; text-decoration: none;">mala</ins>&quot;. <ins style="font-weight: bold; text-decoration: none;">El comercio internacional permite a los países consumir más o menos </ins>de <ins style="font-weight: bold; text-decoration: none;">lo que producen, </ins>de <ins style="font-weight: bold; text-decoration: none;">la misma manera que los préstamos y los empréstitos lo hacen para las personas</ins>.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== USA: épargne et investissement domestique ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== USA: épargne et investissement domestique ==</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46765&oldid=prev 2020-04-03T17:25:07Z

<p><span dir="auto"><span class="autocomment">La BC, l’épargne et la BMC</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:25</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l168">Ligne 168 :</td> <td colspan="2" class="diff-lineno">Ligne 168 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Compte courant et avoirs extérieurs nets des USA 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Compte courant et avoirs extérieurs nets des USA 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">La BC</del>, <del style="font-weight: bold; text-decoration: none;">l’épargne et la BMC </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">CB</ins>, <ins style="font-weight: bold; text-decoration: none;">Ahorro y OMG </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Comme nous avons vu avant</del>, <del style="font-weight: bold; text-decoration: none;">les flux financiers internationaux et les flux </del>de la <del style="font-weight: bold; text-decoration: none;">partie courante </del>de la BP <del style="font-weight: bold; text-decoration: none;">sont deux faces d’une même pièce et le solde </del>de la balance <del style="font-weight: bold; text-decoration: none;">commerciale est égal au solde </del>de la balance <del style="font-weight: bold; text-decoration: none;">des mouvements </del>de <del style="font-weight: bold; text-decoration: none;">capitaux </del>(<del style="font-weight: bold; text-decoration: none;">ou compte financier</del>) :</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Como hemos visto antes</ins>, <ins style="font-weight: bold; text-decoration: none;">los flujos financieros internacionales y los flujos </ins>de la <ins style="font-weight: bold; text-decoration: none;">parte actual </ins>de la BP <ins style="font-weight: bold; text-decoration: none;">son dos caras </ins>de la <ins style="font-weight: bold; text-decoration: none;">misma moneda y el </ins>balance de la <ins style="font-weight: bold; text-decoration: none;">balanza comercial es igual al </ins>balance de <ins style="font-weight: bold; text-decoration: none;">los movimientos de capital </ins>(<ins style="font-weight: bold; text-decoration: none;">o cuenta financiera</ins>) :</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>:&lt;math&gt;BC + BMC = 0&lt;/math&gt;</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>: &lt;math&gt;BC + BMC = 0&lt;/math&gt;</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">et donc</del>,</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">y por lo tanto</ins>,</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:&lt;math&gt;-BMC = S_P - I + S_G = S - I&lt;/math&gt;</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:&lt;math&gt;-BMC = S_P - I + S_G = S - I&lt;/math&gt;</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Ceci implique </del>que<del style="font-weight: bold; text-decoration: none;">, </del>si <del style="font-weight: bold; text-decoration: none;">le pays dégage une épargne nationale nette</del>, <del style="font-weight: bold; text-decoration: none;">il exporte des capitaux </del>(NCO &gt; 0 <del style="font-weight: bold; text-decoration: none;">et </del>BMC &lt; 0: <del style="font-weight: bold; text-decoration: none;">flux sortant </del>de <del style="font-weight: bold; text-decoration: none;">capitaux net </del>= <del style="font-weight: bold; text-decoration: none;">position de créancier net</del>), <del style="font-weight: bold; text-decoration: none;">sa BC est positive et il accumule des créances sur l’étranger</del>. <del style="font-weight: bold; text-decoration: none;">Au contraire</del>, si <del style="font-weight: bold; text-decoration: none;">le pays a un besoin net </del>de <del style="font-weight: bold; text-decoration: none;">financement </del>(<del style="font-weight: bold; text-decoration: none;">par exemple parce que le </del>déficit <del style="font-weight: bold; text-decoration: none;">de l’Etat dépasse le surplus de l’épargne privée sur l’investissement</del>), <del style="font-weight: bold; text-decoration: none;">il importe des capitaux </del>(NCO &lt; 0 <del style="font-weight: bold; text-decoration: none;">et </del>BMC &gt; 0: <del style="font-weight: bold; text-decoration: none;">flux entrant </del>de <del style="font-weight: bold; text-decoration: none;">capitaux </del>= <del style="font-weight: bold; text-decoration: none;">position de débiteur net</del>), <del style="font-weight: bold; text-decoration: none;">sa </del>BC <del style="font-weight: bold; text-decoration: none;">est </del>en déficit <del style="font-weight: bold; text-decoration: none;">et il s’endette vers l’étranger</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Esto implica </ins>que si <ins style="font-weight: bold; text-decoration: none;">el país genera un ahorro interno neto</ins>, <ins style="font-weight: bold; text-decoration: none;">exporta capital </ins>(NCO &gt; 0 <ins style="font-weight: bold; text-decoration: none;">y </ins>BMC &lt; 0: <ins style="font-weight: bold; text-decoration: none;">salida neta </ins>de <ins style="font-weight: bold; text-decoration: none;">capital </ins>= <ins style="font-weight: bold; text-decoration: none;">posición acreedora neta</ins>), <ins style="font-weight: bold; text-decoration: none;">su CB es positivo y acumula créditos sobre los extranjeros</ins>. <ins style="font-weight: bold; text-decoration: none;">Por el contrario</ins>, si <ins style="font-weight: bold; text-decoration: none;">el país tiene una necesidad </ins>de <ins style="font-weight: bold; text-decoration: none;">endeudamiento neto </ins>(<ins style="font-weight: bold; text-decoration: none;">por ejemplo, porque el </ins>déficit <ins style="font-weight: bold; text-decoration: none;">del gobierno supera el superávit del ahorro privado sobre la inversión</ins>), <ins style="font-weight: bold; text-decoration: none;">importa capital </ins>(NCO &lt; 0 <ins style="font-weight: bold; text-decoration: none;">y </ins>BMC &gt; 0: <ins style="font-weight: bold; text-decoration: none;">entrada </ins>de <ins style="font-weight: bold; text-decoration: none;">capital </ins>= <ins style="font-weight: bold; text-decoration: none;">posición deudora neta</ins>), <ins style="font-weight: bold; text-decoration: none;">su </ins>BC <ins style="font-weight: bold; text-decoration: none;">está </ins>en déficit <ins style="font-weight: bold; text-decoration: none;">y contrae deuda externa</ins>.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Flux internationaux de biens et de capitaux ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Flux internationaux de biens et de capitaux ==</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46764&oldid=prev 2020-04-03T17:24:22Z

<p><span dir="auto"><span class="autocomment">Compte courant et avoirs extérieurs nets des USA</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:24</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l164">Ligne 164 :</td> <td colspan="2" class="diff-lineno">Ligne 164 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Balance commerciale des USA 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Balance commerciale des USA 1.png|400px|vignette|centré]]</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">Compte courant et avoirs extérieurs nets des USA </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">Cuenta corriente y activos extranjeros netos de los Estados Unidos </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Compte courant et avoirs extérieurs nets des USA 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Compte courant et avoirs extérieurs nets des USA 1.png|400px|vignette|centré]]</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46763&oldid=prev 2020-04-03T17:24:02Z

<p><span dir="auto"><span class="autocomment">Balance commerciale des USA</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:24</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l160">Ligne 160 :</td> <td colspan="2" class="diff-lineno">Ligne 160 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>El saldo del CB es igual al superávit del ahorro privado sobre las inversiones más cualquier superávit del presupuesto del gobierno. Obviamente, en presencia de un déficit presupuestario, el saldo del BC sigue siendo positivo sólo si el ahorro privado es suficiente para financiar las inversiones y el déficit del gobierno (= medida de las necesidades de financiación de la economía).</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>El saldo del CB es igual al superávit del ahorro privado sobre las inversiones más cualquier superávit del presupuesto del gobierno. Obviamente, en presencia de un déficit presupuestario, el saldo del BC sigue siendo positivo sólo si el ahorro privado es suficiente para financiar las inversiones y el déficit del gobierno (= medida de las necesidades de financiación de la economía).</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">Balance commerciale des USA </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">La balanza comercial de los Estados Unidos </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Balance commerciale des USA 1.png|400px|vignette|centré]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[Fichier:Intromacro Balance commerciale des USA 1.png|400px|vignette|centré]]</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46762&oldid=prev 2020-04-03T17:23:46Z

<p><span dir="auto"><span class="autocomment">La BC et l’épargne</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:23</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l150">Ligne 150 :</td> <td colspan="2" class="diff-lineno">Ligne 150 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>La balanza comercial es igual a la producción nacional menos la absorción de esta producción por el empleo doméstico. Si Absorción &gt; PIB =&gt; déficit de CB. Si la absorción &lt; PIB =&gt; superávit de CB.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>La balanza comercial es igual a la producción nacional menos la absorción de esta producción por el empleo doméstico. Si Absorción &gt; PIB =&gt; déficit de CB. Si la absorción &lt; PIB =&gt; superávit de CB.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">La BC et l’épargne </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">CB y Ahorro </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Comme on vient </del>de <del style="font-weight: bold; text-decoration: none;">voir</del>, <del style="font-weight: bold; text-decoration: none;">tout excès de </del>la <del style="font-weight: bold; text-decoration: none;">dépense interne sur la production nationale se traduit dans </del>un déficit de <del style="font-weight: bold; text-decoration: none;">la BC </del>(<del style="font-weight: bold; text-decoration: none;">pays </del>en <del style="font-weight: bold; text-decoration: none;">développement</del>, <del style="font-weight: bold; text-decoration: none;">USA</del>, <del style="font-weight: bold; text-decoration: none;">Espagne</del>, etc.); <del style="font-weight: bold; text-decoration: none;">tout excès </del>de la <del style="font-weight: bold; text-decoration: none;">production interne sur la dépense nationale se traduit dans </del>un <del style="font-weight: bold; text-decoration: none;">excédent </del>de <del style="font-weight: bold; text-decoration: none;">la BC </del>(<del style="font-weight: bold; text-decoration: none;">Allemagne</del>, <del style="font-weight: bold; text-decoration: none;">Japon</del>, <del style="font-weight: bold; text-decoration: none;">Suisse</del>, <del style="font-weight: bold; text-decoration: none;">Chine</del>, etc.)</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Como acabamos </ins>de <ins style="font-weight: bold; text-decoration: none;">ver</ins>, <ins style="font-weight: bold; text-decoration: none;">cualquier exceso del gasto interno sobre </ins>la <ins style="font-weight: bold; text-decoration: none;">producción interna resulta en </ins>un déficit de <ins style="font-weight: bold; text-decoration: none;">CB </ins>(<ins style="font-weight: bold; text-decoration: none;">países </ins>en <ins style="font-weight: bold; text-decoration: none;">desarrollo</ins>, <ins style="font-weight: bold; text-decoration: none;">EE.UU.</ins>, <ins style="font-weight: bold; text-decoration: none;">España</ins>, etc.); <ins style="font-weight: bold; text-decoration: none;">cualquier exceso </ins>de la <ins style="font-weight: bold; text-decoration: none;">producción interna sobre el gasto interno resulta en </ins>un <ins style="font-weight: bold; text-decoration: none;">superávit </ins>de <ins style="font-weight: bold; text-decoration: none;">CB </ins>(<ins style="font-weight: bold; text-decoration: none;">Alemania</ins>, <ins style="font-weight: bold; text-decoration: none;">Japón</ins>, <ins style="font-weight: bold; text-decoration: none;">Suiza</ins>, <ins style="font-weight: bold; text-decoration: none;">China</ins>, etc.)<ins style="font-weight: bold; text-decoration: none;">.</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Dit </del>de <del style="font-weight: bold; text-decoration: none;">manière différente</del>, <del style="font-weight: bold; text-decoration: none;">le pays a une BC positive s’il dégage une épargne nette </del>(<del style="font-weight: bold; text-decoration: none;">secteur privé et secteur public confondus</del>) <del style="font-weight: bold; text-decoration: none;">positive</del>. <del style="font-weight: bold; text-decoration: none;">En effet</del>, en <del style="font-weight: bold; text-decoration: none;">considérant explicitement les taxes dans l’équation précédente</del>, <del style="font-weight: bold; text-decoration: none;">à l’équilibre nous avons</del>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Dicho </ins>de <ins style="font-weight: bold; text-decoration: none;">otro modo</ins>, <ins style="font-weight: bold; text-decoration: none;">un país tiene un CB positivo si genera ahorros netos positivos </ins>(<ins style="font-weight: bold; text-decoration: none;">sectores privado y público combinados</ins>). <ins style="font-weight: bold; text-decoration: none;">De hecho</ins>, <ins style="font-weight: bold; text-decoration: none;">al considerar explícitamente los impuestos </ins>en <ins style="font-weight: bold; text-decoration: none;">la ecuación anterior</ins>, <ins style="font-weight: bold; text-decoration: none;">en equilibrio tenemos</ins>:</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>:::::&lt;math&gt;<del style="font-weight: bold; text-decoration: none;">BC </del>= ( <del style="font-weight: bold; text-decoration: none;">PIB </del>- C - T ) - I + (T - G) = S_P - I + S_G = S - I&lt;/math&gt;</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">::</ins>::::: &lt;math&gt;<ins style="font-weight: bold; text-decoration: none;">CB </ins>= ( <ins style="font-weight: bold; text-decoration: none;">GDP </ins>- C - T ) - I + (T - G) = S_P - I + S_G = S - I&lt;/math&gt;</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Le solde de la BC est égal au surplus d’épargne privée sur les investissements augmenté de l’éventuel excédent budgétaire de l’Etat</del>. <del style="font-weight: bold; text-decoration: none;">Evidement</del>, en <del style="font-weight: bold; text-decoration: none;">présence d’un </del>déficit <del style="font-weight: bold; text-decoration: none;">budgétaire</del>, <del style="font-weight: bold; text-decoration: none;">on a encore un solde positif de la </del>BC <del style="font-weight: bold; text-decoration: none;">seulement </del>si <del style="font-weight: bold; text-decoration: none;">l’épargne privée est suffisante pour financer les investissements et le </del>déficit <del style="font-weight: bold; text-decoration: none;">de l’Etat </del>(= <del style="font-weight: bold; text-decoration: none;">mesure du besoin </del>de <del style="font-weight: bold; text-decoration: none;">financement </del>de <del style="font-weight: bold; text-decoration: none;">l’économie</del>).</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">El saldo del CB es igual al superávit del ahorro privado sobre las inversiones más cualquier superávit del presupuesto del gobierno</ins>. <ins style="font-weight: bold; text-decoration: none;">Obviamente</ins>, en <ins style="font-weight: bold; text-decoration: none;">presencia de un </ins>déficit <ins style="font-weight: bold; text-decoration: none;">presupuestario</ins>, <ins style="font-weight: bold; text-decoration: none;">el saldo del </ins>BC <ins style="font-weight: bold; text-decoration: none;">sigue siendo positivo sólo </ins>si <ins style="font-weight: bold; text-decoration: none;">el ahorro privado es suficiente para financiar las inversiones y el </ins>déficit <ins style="font-weight: bold; text-decoration: none;">del gobierno </ins>(= <ins style="font-weight: bold; text-decoration: none;">medida </ins>de <ins style="font-weight: bold; text-decoration: none;">las necesidades </ins>de <ins style="font-weight: bold; text-decoration: none;">financiación de la economía</ins>).</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Balance commerciale des USA ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Balance commerciale des USA ==</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46761&oldid=prev 2020-04-03T17:22:33Z

<p><span dir="auto"><span class="autocomment">Comptabilité nationale en économie ouverte</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:22</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l127">Ligne 127 :</td> <td colspan="2" class="diff-lineno">Ligne 127 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A cambio de una exportación de valores, habrá una importación de bienes o una importación de capital. Si sumamos todas las transacciones entre el país nacional y el resto del mundo, entonces, necesariamente, sobre una base neta, NX = NCO</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A cambio de una exportación de valores, habrá una importación de bienes o una importación de capital. Si sumamos todas las transacciones entre el país nacional y el resto del mundo, entonces, necesariamente, sobre una base neta, NX = NCO</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>= <del style="font-weight: bold; text-decoration: none;">Comptabilité nationale </del>en <del style="font-weight: bold; text-decoration: none;">économie ouverte </del>=</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>= <ins style="font-weight: bold; text-decoration: none;">La contabilidad nacional </ins>en <ins style="font-weight: bold; text-decoration: none;">una economía abierta </ins>=</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">Production et dépense </del>en <del style="font-weight: bold; text-decoration: none;">économie ouverte </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">La producción y el gasto </ins>en <ins style="font-weight: bold; text-decoration: none;">la economía abierta </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Comme nous avons pu le voir</del>, <del style="font-weight: bold; text-decoration: none;">dans une économie fermée il </del>y <del style="font-weight: bold; text-decoration: none;">a forcément égalité entre production et dépenses durant une année donnée</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Como hemos visto</ins>, <ins style="font-weight: bold; text-decoration: none;">en una economía cerrada hay necesariamente igualdad entre la producción </ins>y <ins style="font-weight: bold; text-decoration: none;">el gasto en un año determinado</ins>.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Dans une économie ouverte</del>, <del style="font-weight: bold; text-decoration: none;">une telle contrainte ne doit pas forcément se réaliser </del>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">En una economía abierta</ins>, <ins style="font-weight: bold; text-decoration: none;">esa limitación no tiene por qué realizarse necesariamente</ins>:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>*<del style="font-weight: bold; text-decoration: none;">l’économie peut dépenser plus qu’elle ne produit en empruntant à l’étranger </del>(<del style="font-weight: bold; text-decoration: none;">importation de biens </del>= <del style="font-weight: bold; text-decoration: none;">emprunt</del>)</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>*<ins style="font-weight: bold; text-decoration: none;">la economía puede gastar más de lo que produce pidiendo prestado al extranjero </ins>(<ins style="font-weight: bold; text-decoration: none;">importar bienes </ins>= <ins style="font-weight: bold; text-decoration: none;">pedir prestado</ins>)</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>*<del style="font-weight: bold; text-decoration: none;">l’économie peut dépenser moins qu’elle ne produit </del>en <del style="font-weight: bold; text-decoration: none;">prêtant à l’étranger </del>(<del style="font-weight: bold; text-decoration: none;">exportation </del>de <del style="font-weight: bold; text-decoration: none;">biens </del>= <del style="font-weight: bold; text-decoration: none;">prêt</del>)</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* <ins style="font-weight: bold; text-decoration: none;">la economía puede gastar menos de lo que produce prestando </ins>en <ins style="font-weight: bold; text-decoration: none;">el extranjero </ins>(<ins style="font-weight: bold; text-decoration: none;">exportación </ins>de <ins style="font-weight: bold; text-decoration: none;">bienes </ins>= <ins style="font-weight: bold; text-decoration: none;">préstamo</ins>)</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>== <del style="font-weight: bold; text-decoration: none;">Comptabilité nationale </del>en <del style="font-weight: bold; text-decoration: none;">économie ouverte </del>==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>== <ins style="font-weight: bold; text-decoration: none;">La contabilidad nacional </ins>en <ins style="font-weight: bold; text-decoration: none;">una economía abierta </ins>==</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Nous savons qu’à chaque moment sur le marché des biens et des services le </del>total <del style="font-weight: bold; text-decoration: none;">des emplois doit égaliser le total des ressources </del>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Sabemos que en un momento dado en el mercado de bienes y servicios el empleo </ins>total <ins style="font-weight: bold; text-decoration: none;">debe ser igual a los recursos totales</ins>:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>::::<del style="font-weight: bold; text-decoration: none;">:PIB </del>+ IMP (= <del style="font-weight: bold; text-decoration: none;">ressources</del>) = C + I + G + EXP (= <del style="font-weight: bold; text-decoration: none;">emplois ou dépenses</del>)  </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>::::<ins style="font-weight: bold; text-decoration: none;">GDP </ins>+ IMP (= <ins style="font-weight: bold; text-decoration: none;">recursos</ins>) = C + I + G + EXP (= <ins style="font-weight: bold; text-decoration: none;">empleos o gastos</ins>)  </div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">En déplaçant IMP</del>, <del style="font-weight: bold; text-decoration: none;">on a</del>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">PMI en movimiento</ins>, <ins style="font-weight: bold; text-decoration: none;">lo hemos hecho</ins>:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>:::::<del style="font-weight: bold; text-decoration: none;">PIB </del>= C + I + G + (EXP <del style="font-weight: bold; text-decoration: none;">– </del>IMP) = C + I + G + BC  </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>:::::<ins style="font-weight: bold; text-decoration: none;">GDP </ins>= C + I + G + (EXP <ins style="font-weight: bold; text-decoration: none;">- </ins>IMP) = C + I + G + BC  </div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Cette équation peut être réécrite dans </del>la <del style="font-weight: bold; text-decoration: none;">manière suivante</del>:</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Esta ecuación puede ser reescrita de </ins>la <ins style="font-weight: bold; text-decoration: none;">siguiente manera</ins>:</div></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>:::::BC = PIB <del style="font-weight: bold; text-decoration: none;">– </del>(C + I + G) = PIB <del style="font-weight: bold; text-decoration: none;">– absorption</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>:::::BC = PIB <ins style="font-weight: bold; text-decoration: none;">- </ins>(C + I + G) = PIB <ins style="font-weight: bold; text-decoration: none;">- absorción</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Le solde de </del>la <del style="font-weight: bold; text-decoration: none;">balance commerciale est égal à </del>la <del style="font-weight: bold; text-decoration: none;">production nationale diminuée </del>de <del style="font-weight: bold; text-decoration: none;">l’absorption de cette production par des emplois domestiques</del>. Si <del style="font-weight: bold; text-decoration: none;">Absorption </del>&gt; PIB =&gt; déficit de <del style="font-weight: bold; text-decoration: none;">la BC</del>. Si <del style="font-weight: bold; text-decoration: none;">Absorption </del>&lt; PIB =&gt; <del style="font-weight: bold; text-decoration: none;">surplus </del>de <del style="font-weight: bold; text-decoration: none;">la BC</del>.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">La balanza comercial es igual a </ins>la <ins style="font-weight: bold; text-decoration: none;">producción nacional menos </ins>la <ins style="font-weight: bold; text-decoration: none;">absorción </ins>de <ins style="font-weight: bold; text-decoration: none;">esta producción por el empleo doméstico</ins>. Si <ins style="font-weight: bold; text-decoration: none;">Absorción </ins>&gt; PIB =&gt; déficit de <ins style="font-weight: bold; text-decoration: none;">CB</ins>. Si <ins style="font-weight: bold; text-decoration: none;">la absorción </ins>&lt; PIB =&gt; <ins style="font-weight: bold; text-decoration: none;">superávit </ins>de <ins style="font-weight: bold; text-decoration: none;">CB</ins>.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== La BC et l’épargne ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== La BC et l’épargne ==</div></td></tr> </table>

Arthur https://baripedia.org/index.php?title=Macroeconom%C3%ADa_Abierta:_Conceptos_b%C3%A1sicos&diff=46760&oldid=prev 2020-04-03T17:21:46Z

<p><span dir="auto"><span class="autocomment">BC = -BMC</span></span></p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="fr"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Version précédente</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Version du 3 avril 2020 à 19:21</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l123">Ligne 123 :</td> <td colspan="2" class="diff-lineno">Ligne 123 :</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>(Ecualización de flujo: cada transacción internacional incluye un intercambio → si sumamos todos estos intercambios, los NXs deben igualar a los OCNs)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>(Ecualización de flujo: cada transacción internacional incluye un intercambio → si sumamos todos estos intercambios, los NXs deben igualar a los OCNs)</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">Intuition</del>: <del style="font-weight: bold; text-decoration: none;">toute transaction qui n'a pas de contrepartie dans la même </del>&quot;<del style="font-weight: bold; text-decoration: none;">sous- balance</del>&quot; <del style="font-weight: bold; text-decoration: none;">doit nécessairement avoir une contrepartie dans l'autre </del>&quot;<del style="font-weight: bold; text-decoration: none;">sous- balance</del>&quot;. <del style="font-weight: bold; text-decoration: none;">Par exemple</del>, <del style="font-weight: bold; text-decoration: none;">en contrepartie </del>de <del style="font-weight: bold; text-decoration: none;">l'exportation d'</del>un bien <del style="font-weight: bold; text-decoration: none;">il y aura soit l'importation d'autres marchandises, soit d'actifs</del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">Intuición</ins>: <ins style="font-weight: bold; text-decoration: none;">toda operación que no tenga contrapartida en el mismo </ins>&quot;<ins style="font-weight: bold; text-decoration: none;">subbalance</ins>&quot; <ins style="font-weight: bold; text-decoration: none;">debe tener necesariamente una contrapartida en el otro </ins>&quot;<ins style="font-weight: bold; text-decoration: none;">subbalance</ins>&quot;. <ins style="font-weight: bold; text-decoration: none;">Por ejemplo</ins>, <ins style="font-weight: bold; text-decoration: none;">a cambio de la exportación </ins>de un bien <ins style="font-weight: bold; text-decoration: none;">se importarán otros bienes o activos.</ins></div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">En contrepartie d'une exportation </del>de <del style="font-weight: bold; text-decoration: none;">titres</del>, <del style="font-weight: bold; text-decoration: none;">il y aura soit une importation </del>de <del style="font-weight: bold; text-decoration: none;">marchandises, soit une importation </del>de <del style="font-weight: bold; text-decoration: none;">capitaux</del>. Si <del style="font-weight: bold; text-decoration: none;">on somme toutes les transactions </del>entre <del style="font-weight: bold; text-decoration: none;">le pays domestique et le reste du monde</del>, <del style="font-weight: bold; text-decoration: none;">forcement</del>, <del style="font-weight: bold; text-decoration: none;">au net</del>, NX = NCO</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">A cambio </ins>de <ins style="font-weight: bold; text-decoration: none;">una exportación de valores</ins>, <ins style="font-weight: bold; text-decoration: none;">habrá una importación </ins>de <ins style="font-weight: bold; text-decoration: none;">bienes o una importación </ins>de <ins style="font-weight: bold; text-decoration: none;">capital</ins>. Si <ins style="font-weight: bold; text-decoration: none;">sumamos todas las transacciones </ins>entre <ins style="font-weight: bold; text-decoration: none;">el país nacional y el resto del mundo, entonces</ins>, <ins style="font-weight: bold; text-decoration: none;">necesariamente</ins>, <ins style="font-weight: bold; text-decoration: none;">sobre una base neta</ins>, NX = NCO</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>= Comptabilité nationale en économie ouverte =</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>= Comptabilité nationale en économie ouverte =</div></td></tr> </table>

Arthur