Open Economy Forces and Late 19th Century Scandinavian Catch-Up
AbstractScandinavia recorded very high growth rates between 1870 and 1914, catching up with the leaders. This paper estimates that about two-thirds of the Scandinavian catching up on Britain was due to the open economy forces of global factor and commodity market integration. All of the Scandinavian catching up on America was due to the same open economy forces. The question for the economist is: Why does the new growth theory spend so little time dealing with these open economy forces? The question for the economic historian is: Can the breakdown of global factor and commodity markets after 1914 explain a large share of the cessation of convergence up to 1950? Can the spectacular OECD convergence achieved after 1950 be explained by the resumption of the pre-1914 open economy conditions that contributed so much to Scandinavian catch-up?
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 1709.
Date of creation: 1995
Date of revision:
Other versions of this item:
- O'Rourke, K. & Williamson, J.G., 1995. "Open Economy Forces and Late 19th Century Scandinavian Catch-Up," Papers 95/6, College Dublin, Department of Political Economy-.
- Kevin O'Rourke & Jeffrey G. Williamson, 1995. "Open Economy Forces and Late 19th Century Scandinavian Catch-Up," NBER Working Papers 5112, National Bureau of Economic Research, Inc.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kevin O'Rourke, 2004.
"The Era of Free Migration: Lessons for Today,"
The Institute for International Integration Studies Discussion Paper Series
- Alfonso Herranz Loncan & Daniel Aurelio Tirado Fabregat, 1996. "Foreign trade traps in the european periphery: Spain, 1870-1913," Working Papers in Economics 5, Universitat de Barcelona. Espai de Recerca en Economia.
- Hatton, Timothy J., 2010.
"The Cliometrics of International Migration: A Survey,"
IZA Discussion Papers
4900, Institute for the Study of Labor (IZA).
- Timothy J. Hatton, 2010. "The Cliometrics Of International Migration: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 941-969, December.
- Hatton, Timothy J., 2010. "The Cliometrics of International Migration: A Survey," CEPR Discussion Papers 7803, C.E.P.R. Discussion Papers.
- Larsson, Svante, 2005. "Globalisation, inequality and Swedish catch up in the late nineteenth century. Williamson’s real wage comparisons under scrutiny," GÃ¶teborg Papers in Economic History 2, University of Gothenburg, Department of Economic History.
- Thor Berger & Kerstin Enflo, 2013. "Locomotives of Local Growth: The Short- and Long-Term Impact of Railroads in Sweden," Working Papers 0042, European Historical Economics Society (EHES).
- Alan M. Taylor, 1996.
"Sources of Convergence in the Late Nineteenth Century,"
NBER Working Papers
5806, National Bureau of Economic Research, Inc.
- Taylor, Alan M., 1999. "Sources of convergence in the late nineteenth century," European Economic Review, Elsevier, vol. 43(9), pages 1621-1645, October.
- Matthew Slaughter, 2001. "Does trade liberalization converge factor prices? Evidence from the antebellum transportation revolution," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 10(3), pages 339-362.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.