Road to unity? : Nordic economic convergence in the long run
Bruno, L., Eloranta, J., Ojala, J., & Pehkonen, J. (2022). Road to unity? : Nordic economic convergence in the long run. Scandinavian Economic History Review, Early online. https://doi.org/10.1080/03585522.2022.2032318
Julkaistu sarjassa
Scandinavian Economic History ReviewPäivämäärä
2022Oppiaine
Empirical MicroeconomicsPäätöksentekoa tukeva taloustiede ja talouden kilpailukyky (painoala)TaloustiedeTaloushistoriaBasic or discovery scholarshipEmpirical MicroeconomicsPolicy-Relevant Economics and Competitiveness of Economy (focus area)EconomicsEconomic HistoryBasic or discovery scholarshipTekijänoikeudet
© 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group
This study examines Nordic economic convergence from the sixteenth to twentieth century respective of the economic leaders, in effect the UK before 1914 and USA thereafter. The paper uses a novel approach of combining the analysis of both GDP and wages. The examination of real GDP per capita suggests that there was a catch-up process in play, both with the economic leaders and among the Nordic states, from the early nineteenth century onwards. However, the examination of the adjusted silver wages suggests convergence among the Nordic economies by the end of the eighteenth century. Therefore, we argue, no single Nordic Model emerged from these development patterns, even though the Nordic states today do have striking similarities. Furthermore, they diverged from the West European growth path until the twentieth century, thus they were a part of the Little Divergence at Europe’s other peripheries. The world wars and other crises delayed the full impacts of the convergence process until the latter part of the twentieth century.
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Julkaisija
RoutledgeISSN Hae Julkaisufoorumista
0358-5522Asiasanat
Julkaisu tutkimustietojärjestelmässä
https://converis.jyu.fi/converis/portal/detail/Publication/117402204
Metadata
Näytä kaikki kuvailutiedotKokoelmat
Rahoittaja(t)
Suomen AkatemiaRahoitusohjelmat(t)
Akatemiahanke, SALisätietoja rahoituksesta
This work was supported by Academy of Finland [grant number 308975].Lisenssi
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