The Swedish Economic Model
AbstractThe remarkable success of Sweden over the past 15 years has come after decades of sluggish growth, during which Sweden managed to lose its substantial lead in per-capita income. This substantiates the view that welfare cost and high taxes reduce growth and endanger competitiveness. Since then, however, Sweden has engaged in a remarkable strategy of reforming the budget process, increasing the flexibility of its labour market and boosting investment in the future. Incentives have been changed to achieve greater flexibility and to adapt to changes resulting from globalisation.
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Bibliographic InfoPaper provided by WIFO in its series WIFO Working Papers with number 302.
Length: 20 pages
Date of creation: 16 Oct 2007
Date of revision:
Welfare models; corporatism; economic performance; competitiveness;
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- Karl Aiginger & Alois Guger, 2005. "The European Socio-Economic Model. Differences to the USA and Changes over Time," WIFO Working Papers 266, WIFO.
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- Marcel Boyer & Anne Catherine Faye, 2011. "Assessment of International Economic Policy Models and Measures: Lessons for Canada," CIRANO Working Papers 2011s-19, CIRANO.
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