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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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:
Contact details of provider:
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)
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.:
- David Greasley & Les Oxley, 2005. "Refrigeration And Distribution: New Zealand Land Prices And Real Wages 1873-1939," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 45(1), pages 23-44, 03.
- O'Rourke, Kevin H & Taylor, Alan M & Williamson, Jeffrey G, 1996. "Factor Price Convergence in the Late Nineteenth Century," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(3), pages 499-530, August.
- Williamson Jeffrey G., 1995.
"The Evolution of Global Labor Markets since 1830: Background Evidence and Hypotheses,"
Explorations in Economic History,
Elsevier, vol. 32(2), pages 141-196, April.
- Jeffrey G. Williamson, 1992. "The Evolution of Global Labor Markets Since 1830 Background Evidence and Hypotheses," NBER Historical Working Papers 0036, National Bureau of Economic Research, Inc.
- Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, June.
- Lindert, Peter H., 1974. "Land Scarcity and American Growth," The Journal of Economic History, Cambridge University Press, vol. 34(04), pages 851-884, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jens Anmark).
If references are entirely missing, you can add them using this form.