Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94817
Authors: 
Lindbeck, Assar
Year of Publication: 
1998
Series/Report no.: 
IUI Working Paper 498
Abstract: 
Sweden experienced exeptionally fast economic growth during the century-long period 1870-1970. This illustrates that a decentralized market economy, highly open to international transactions, may be quite conductive to sustained productivity growth if the government fulfills its 'classical' functions well. The subsequent period of centralization and large government, 1970-1985/90, was characterized by considerable social achievements. But the rate of economic growth was quite low as compared to other developed countries. The last period discussed in the paper, after about 1985/90, may be characterized as a 'period of transition' away from the centralized and highly interventionistic system of the 1970s and 1980s. A number of transition problems are discussed in the paper.
Subjects: 
Sweden
lessons for post-socialist countries
transition economies
JEL: 
H00
N00
P10
P20
Document Type: 
Working Paper

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