Scandinavian Working Papers in Economics

Papers in Innovation Studies,
Lund University, CIRCLE - Centre for Innovation Research

No 2006/10: Development blocks and the second industrial revolution – Sweden 1900-1970

Kerstin Enflo (), Astrid Kander () and Lennart Schön ()
Additional contact information
Kerstin Enflo: Lund University, Postal: Sweden
Astrid Kander: CIRCLE, Lund University, Postal: PO Box 117, Sölvegatan 16, SE-22100 Lund, Sweden
Lennart Schön: CIRCLE, Lund University, Postal: PO Box 117, Sölvegatan 16, SE-22100 Lund, Sweden

Abstract: 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.

Keywords: development block; electricity; GPT; second industrial revolution

JEL-codes: O30

32 pages, October 1, 2006

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200610_Kerstin_et_al.pdf PDF-file

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