Productivity and Transition in Swedish Iron and Steel, 1870-1940
AbstractThis paper would like to analyse how Swedish iron and steel entrepreneurs reacted to the strains of increasing competition on world markets which affected the industry between 1870 and 1940. It implicitly searches for readjustments taken by the sector as a whole in order to increase productivity. A first part of the paper presents the breakdown into periods and the background to the transitions we are going to examine. We then go on to describe the data we have assembled for the contrast both from national accounts and complementary sources. We contrast the coherence of the data series by estimating total factor productivity with a primal and a dual approach and by looking at factor substitution and relative prices. Next we examine the contribution to growth of the different inputs: labour, capital, resources and TFP. We find evidence for the industry reacting to competitive strains and overall we find TFP as the main responsible force.
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Bibliographic InfoPaper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp07-10.
Date of creation: Jun 2007
Date of revision:
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More information through EDIRC
Iron; Steel; Sweden; Total factor productivity; Dual estimate;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
- N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
- N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-23 (All new papers)
- NEP-EFF-2007-06-23 (Efficiency & Productivity)
- NEP-HIS-2007-06-23 (Business, Economic & Financial History)
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