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Nuancing the favourable assessments of the Nordic economies

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Author Info
Wim Suyker ()

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Abstract

The Nordic economies have performed well in recent years. Economic growth and labour market participation have been higher than in the euro area; the government budgets have been in surplus; the labour force is highly skilled, the education system leads to good qualifications and to smooth entry to the labour market; the risk of poverty is low. Nordic countries are almost always in the top of country rankings, for instance in the IMD Competitiveness ranking (IMD, 2005). This good performance in recent years has led to favourable assessment of the Nordic economic model (see for instance Aiginger and Guger, 2006; Sapir, 2005; Dutch Ministry of Finance, 2005). This memorandum tries to nuance and qualify some of those favourable assessments of the Nordic economies.

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File URL: http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/153/memo153.pdf
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Publisher Info
Paper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Memoranda with number 153.

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Date of creation: Apr 2006
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Handle: RePEc:cpb:memodm:153

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Related research
Keywords: Nordic economies; euro area;

Find related papers by JEL classification:
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Romain Duval & Jørgen Elmeskov, 2005. "The Effects of EMU on Structural Reforms in Labour and Product Markets," OECD Economics Department Working Papers 438, OECD, Economics Department. [Downloadable!]
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  2. André Sapir, 2006. "Globalization and the Reform of European Social Models," Journal of Common Market Studies, Blackwell Publishing, vol. 44(2), pages 369-390, 06. [Downloadable!] (restricted)
  3. Mauro Mastrogiacomo, 2006. "Testing consumers' asymmetric reaction to wealth changes," CPB Discussion Papers 53, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  4. David Rae, 2005. "How to Reduce Sickness Absences in Sweden: Lessons from International Experience," OECD Economics Department Working Papers 442, OECD, Economics Department. [Downloadable!]
  5. Robert Paul Berben & Kerstin Bernoth & Mauro Mastrogiacomo, 2006. "Households' Response to Wealth Changes: Do Gains or Losses make a Difference?," CPB Discussion Papers 63, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
    Other versions:
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