Ratio Working Papers
Economic Growth and Economic Policy in Sweden in the 20th Century: A Comparative Perspective
Abstract: It is conventional wisdom that Sweden’s economic growth
internationally seen was unusually rapid 1870-1970 and then very slow. In
this paper Sweden is compared with three country groups viz. sixteen
industrialised countries, six countries at the same income level as Sweden
1970, and European small industrialised countries. It is shown that as to
relative growth another periodisation is relevant. 1890-1950 with Sweden’s
industrial break-through and the world wars where Sweden was
non-belligerent showed an exceptional growth. Then, already from the 1950s
growth was slow internationally seen. It is hypothesised that this was due
to institutional factors related to the so-called “Swedish Model”.
Keywords: economic growth; gdp comparisons; gdp calculations; historical growth; welfare state; (follow links to similar papers)
JEL-Codes: N30; O11; P17; P47; (follow links to similar papers)
24 pages, March 19, 2004
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