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Economic Growth and Economic Policy in Sweden in the 20th Century: A Comparative Perspective

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  • Krantz, Olle

    ()
    (Department of Economic History)

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    Abstract

    It 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 Info

    Paper provided by The Ratio Institute in its series Ratio Working Papers with number 32.

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    Length: 24 pages
    Date of creation: 19 Mar 2004
    Date of revision:
    Handle: RePEc:hhs:ratioi:0032

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    Related research

    Keywords: economic growth; gdp comparisons; gdp calculations; historical growth; welfare state;

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    1. 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.
    2. Henrekson, Magnus, 1996. "Sweden's Relative Economic Performance: Lagging Behind or Staying on Top?," Economic Journal, Royal Economic Society, vol. 106(439), pages 1747-59, November.
    3. Tanzi, Vito & Schuknecht, Ludger, 1997. "Reforming government: An overview of recent experience," European Journal of Political Economy, Elsevier, vol. 13(3), pages 395-417, September.
    4. Dowrick, Steve, 1996. "Swedish Economic Performance and Swedish Economic Debate: A View from Outside," Economic Journal, Royal Economic Society, vol. 106(439), pages 1772-79, November.
    5. Korpi, Walter, 1996. "Eurosclerosis and the Sclerosis of Objectivity: On the Role of Values among Economic Policy Experts," Economic Journal, Royal Economic Society, vol. 106(439), pages 1727-46, November.
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