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Nuancing the favourable assessments of the Nordic economies

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  • Wim Suyker

    () (CPB Netherlands Bureau for Economic Policy Analysis)

Abstract

The Nordic economies have performed well in recent years. Economic growth and labour market participation have been higher than in the euro area; the government budgets have been in surplus; the labour force is highly skilled, the education system leads to good qualifications and to smooth entry to the labour market; the risk of poverty is low. Nordic countries are almost always in the top of country rankings, for instance in the IMD Competitiveness ranking (IMD, 2005). This good performance in recent years has led to favourable assessment of the Nordic economic model (see for instance Aiginger and Guger, 2006; Sapir, 2005; Dutch Ministry of Finance, 2005). This memorandum tries to nuance and qualify some of those favourable assessments of the Nordic economies.

Suggested Citation

  • Wim Suyker, 2006. "Nuancing the favourable assessments of the Nordic economies," CPB Memorandum 153.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:memodm:153.rdf
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    File URL: https://www.cpb.nl/sites/default/files/publicaties/download/memo153.pdf
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    References listed on IDEAS

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    1. Yusheng Peng & Lynne G. Zucker & Michael R. Darby, 1997. "Chinese Rural Industrial Productivity and Urban Spillovers," NBER Working Papers 6202, National Bureau of Economic Research, Inc.
    2. Abhijit V. Banerjee & Andrew F. Newman, 1998. "Information, the Dual Economy, and Development," Review of Economic Studies, Oxford University Press, vol. 65(4), pages 631-653.
    3. Ahuja,Vinod Kumar & Filmer,Deon P. & Ahuja, Vinod*Filmer, Deon, 1995. "Educational attainments in developing countries : new estimates and projections disaggregated by gender," Policy Research Working Paper Series 1489, The World Bank.
    4. Alwyn Young, 1993. "Lessons from the East Asian NICs: A Contrarian View," NBER Working Papers 4482, National Bureau of Economic Research, Inc.
    5. Zuliu F. Hu & Mohsin S. Khan, 1997. "Why Is China Growing So Fast?," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 103-131, March.
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    Cited by:

    1. Michiel Bijlsma & Arno Meijer & Victoria Shestalova, 2008. "Vertical relationships between health insurers and healthcare providers," CPB Document 167.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Wouter Vermeulen & Christian A. L. Hilber & Teemu Lyytikäinen, 2011. "Capitalization of Central Government Grants into Local House Prices," CPB Discussion Paper 167.rdf, CPB Netherlands Bureau for Economic Policy Analysis.

    More about this item

    JEL classification:

    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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