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Trends and cycles in regional economic growth : how spatial differences formed the Swedish growth experience 1860-2009

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  • Martin Henning

    ()

  • Kerstin Enflo

    ()

  • Fredrik NG Andersson

    ()

Abstract

Using a novel dataset on regional GDP per worker 1860-2009, this paper analyzes communalities in regional long-term growth trajectories for 24 Swedish provinces. Wavelet Analysis and Principal Component Analysis are used to decompose regional growth trajectories, and to assess to what extent growth in regions share common trend and cyclical properties. It is found that regional trend growth shows strong common features among groups of regions. Primarily natural resource rich regions benefited from the First Industrial Revolution. Contrary to regional development in many other European economies, a strong growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. Growth in this countrywide trend slowed down in the 1970s, when the metropolitan regions became main growth engines. In mid- and short-term cyclical movements regions display more heterogeneous growth patterns, and evidence of mid-term sequential lead-lag patterns in regional growth is found, especially between core and periphery.

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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp10-10.

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Date of creation: Oct 2010
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Handle: RePEc:cte:whrepe:wp10-10

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Keywords: Economic history; Economic geography; Regional growth; Wavelet analysis; Sweden;

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  1. Julio Martinez-Galarraga & Joan R. Roses & Daniel A. Tirado Fabregat, 2009. "The Upswing of Regional Income Inequality in Spain (1860-1930)," Working Papers in Economic History, Universidad Carlos III, Departamento de Historia Económica e Instituciones wp09-05, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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Cited by:
  1. Kerstin Enflo & Joan Ramón Rosés, 2012. "Coping with Regional Inequality in Sweden: Structural Change, Migrations and Policy, 1860-2000," Working Papers, European Historical Economics Society (EHES) 0029, European Historical Economics Society (EHES).

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