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Development blocks and the second industrial revolution – Sweden 1900-1970

The paper explores development blocks around electrification at a 14 sector level in the Swedish economy 1900-1974. We suggest that long-run cointegration relations in combination with mutually Granger-causing short-run effects form a development block. One block centred on electricity that comprises five more sectors is found. In addition we demonstrate that increasing its electricity share makes a sector grow faster, and by testing the electricity share versus the growth rates we find another development block around electricity, party overlapping the first one.

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File URL: http://wp.circle.lu.se/upload/CIRCLE/workingpapers/200610_Kerstin_et_al.pdf
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Paper provided by Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy in its series Papers in Innovation Studies with number 2006/10.

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Length: 32 pages
Date of creation: 01 Oct 2006
Date of revision:
Handle: RePEc:hhs:lucirc:2006_010
Contact details of provider: Postal: CIRCLE, Lund University, PO Box 117, SE-22100 Lund, Sweden
Phone: +46 (0) 46 222 74 68
Web page: http://www.circle.lu.se/

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