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Industrial Subsidies in Sweden: Macro-Economic Effects and an International Comparison

Author

Listed:
  • Carlsson, Bo

    (Research Institute of Industrial Economics (IFN))

Abstract

Between 1970 and 1978, industrial subsidies in Sweden rose from 4.9 % to 16 % of value added in mining and manufacturing. Most of this increase was due to increased wage subsidies to specific firms facing acute difficulties. The Swedish industrial subsidy program seems to be both larger in relation to industrial output and more selective than similar programs in Great Britain, Italy, Norway, and West Germany. Simulations on a firm-based macro model of the Swedish economy show that a selective wage subsidy yields higher industrial output, employment and export in the short run than alternative subsidy policies but also considerably worse economic performance in the longer term.

Suggested Citation

  • Carlsson, Bo, 1982. "Industrial Subsidies in Sweden: Macro-Economic Effects and an International Comparison," Working Paper Series 58, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0058
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    File URL: https://www.ifn.se/wfiles/wp/wp058.pdf
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    Cited by:

    1. Eliasson, Gunnar, 1984. "The Firm and Financial Markets in the Swedish Micro-to-Macro Model (MOSES): Theory, Model and Verification," Working Paper Series 122, Research Institute of Industrial Economics.

    More about this item

    Keywords

    Subsidies; Manucatruing; Industry; Wage;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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