Economic Growth and Economic Policy in Sweden in the 20th Century: A Comparative Perspective
AbstractIt is conventional wisdom that Sweden’s economic growth internationally seen was unusually rapid 1870-1970 and then very slow. In this paper Sweden is compared with three country groups viz. sixteen industrialised countries, six countries at the same income level as Sweden 1970, and European small industrialised countries. It is shown that as to relative growth another periodisation is relevant. 1890-1950 with Sweden’s industrial break-through and the world wars where Sweden was non-belligerent showed an exceptional growth. Then, already from the 1950s growth was slow internationally seen. It is hypothesised that this was due to institutional factors related to the so-called “Swedish Model”.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 32.
Length: 24 pages
Date of creation: 19 Mar 2004
Date of revision:
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More information through EDIRC
economic growth; gdp comparisons; gdp calculations; historical growth; welfare state;
Find related papers by JEL classification:
- N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
- P47 - Economic Systems - - Other Economic Systems - - - Performance and Prospects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-03-22 (All new papers)
- NEP-DEV-2004-03-22 (Development)
- NEP-HIS-2004-03-22 (Business, Economic & Financial History)
- NEP-MAC-2004-03-22 (Macroeconomics)
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