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Efficiency and equity – The Swedish economy in comparison to other countries at the beginning of the 21st century

Author

Listed:
  • Czarny Bogusław

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland, E-Mail: bczarny@sgh.waw.pl)

  • Czarny Elżbieta

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland.)

Abstract

Referring to economic ideals of efficiency and equity, we are comparing the state of the Swedish economy in the early 21st century to the situation in other countries, especially the other Nordic countries, the United States (US), and Poland. After presenting the basic facts about Nordic countries we examine the issue of economic efficiency. In addition to gross domestic product (GDP) we use the Human Development Index (HDI), the findings of the economics of happiness, and the number of registered triadic patent families as measures of efficiency. Then we analyze the issue of equity. We use the Gini coefficient, the extent of poverty, the level of unemployment, and the level of intergenerational mobility of earnings as measures of equity.

Suggested Citation

  • Czarny Bogusław & Czarny Elżbieta, 2021. "Efficiency and equity – The Swedish economy in comparison to other countries at the beginning of the 21st century," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 57(3), pages 255-267, September.
    • Handle: RePEc:vrs:ijomae:v:57:y:2021:i:3:p:255-267:n:3
    DOI: 10.2478/ijme-2021-0017
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    References listed on IDEAS

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    1. Miles Corak, 2013. "Income Inequality, Equality of Opportunity, and Intergenerational Mobility," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 79-102, Summer.
    2. Christian Sternitzke, 2009. "Defining triadic patent families as a measure of technological strength," Scientometrics, Springer;Akadémiai Kiadó, vol. 81(1), pages 91-109, October.
    3. Miles Corak, 2006. "Do Poor Children Become Poor Adults? Lessons from a Cross-Country Comparison of Generational Earnings Mobility," Research on Economic Inequality, in: Dynamics of Inequality and Poverty, pages 143-188, Emerald Group Publishing Limited.
    4. Corak, Miles, 2016. "Inequality from Generation to Generation: The United States in Comparison," IZA Discussion Papers 9929, Institute of Labor Economics (IZA).
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    More about this item

    Keywords

    comparative economic systems; Nordic model; Sweden;
    All these keywords.

    JEL classification:

    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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