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Structural change and economic policy: the Norwegian model under pressure

Author

Listed:
  • Jan Fagerberg

    (Centre for Technology, Innovation and Culture, University of Oslo)

  • Ådne Cappelen

    (Central Bureau of Statistics, Oslo, Norway)

  • Lars Mjöset

    (Institute for Social Research, Oslo, Norway)

Abstract

During the 1950s and 1960s, a coherent system of economic policies was implemented in Norway. The article analyses the origins and functioning of this Norwegian model and shows how it broke down under the influence of both external and internal pressures from the mid-1970s onwards. By the early 1990s no new coherent system could be found, while financial deregulation had created huge problems in the banking system and unemployment persisted.

Suggested Citation

  • Jan Fagerberg & Ådne Cappelen & Lars Mjöset, 1992. "Structural change and economic policy: the Norwegian model under pressure," Working Papers Archives 1992456, Centre for Technology, Innovation and Culture, University of Oslo.
  • Handle: RePEc:tik:wparch:1992456
    Note: Originally published as NUPI working paper no.456, February 1990
    as

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    File URL: http://www.tik.uio.no/InnoWP/archive/wpno456-1992.pdf
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    References listed on IDEAS

    as
    1. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, Oxford University Press, vol. 80(2), pages 190-207.
    2. Jan Fagerberg, 1987. "Structural Changes in International Trade - who gain, who lose?," Working Papers Archives 1987107, Centre for Technology, Innovation and Culture, University of Oslo.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Einar Bowitz & Stein Inge Hove, 1996. "Business cycles and fiscal policy: Norway 1973-93," Discussion Papers 178, Statistics Norway, Research Department.

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