Protectionism, agricultural prices and relative factor incomes: Sweden’s wage-rental ratio, 1877-1926
AbstractTrends in wage-rental ratios have figured prominently in the recent literature on factor price convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land prices which indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and the change in the product mix from arable to animal products in Swedish agriculture.
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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economic History in its series Göteborg Papers in Economic History with number 7.
Length: 36 pages
Date of creation: 01 Dec 2006
Date of revision:
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Postal: Department of Economic History, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG
Phone: 031-773 47 50
Fax: 031-773 47 39
Web page: http://www.econhist.gu.se/
More information through EDIRC
Economic History; Land prices; wages; wage-rental ratio; protectionism; Sweden;
Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-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-AGR-2006-12-09 (Agricultural Economics)
- NEP-ALL-2006-12-09 (All new papers)
- NEP-HIS-2006-12-09 (Business, Economic & Financial History)
- NEP-INT-2006-12-09 (International Trade)
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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