Trends and cycles in regional economic growth : how spatial differences formed the Swedish growth experience 1860-2009
AbstractUsing 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 InfoPaper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp10-10.
Date of creation: Oct 2010
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Economic history; Economic geography; Regional growth; Wavelet analysis; Sweden;
Find related papers by JEL classification:
- N9 - Economic History - - Regional and Urban History
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-06 (All new papers)
- NEP-FDG-2010-11-06 (Financial Development & Growth)
- NEP-GEO-2010-11-06 (Economic Geography)
- NEP-HIS-2010-11-06 (Business, Economic & Financial History)
- NEP-URE-2010-11-06 (Urban & Real Estate Economics)
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.:
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Working Papers in Economic History
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Working Papers in Economic History
wp12-09, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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