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Trends and cycles i...
Trends and cycles in regional economic growth: How spatial differences shaped the Swedish growth experience from 1860–2009
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- Henning, Martin (author)
- Lund University,Lunds universitet,Institutionen för kulturgeografi och ekonomisk geografi,Samhällsvetenskapliga institutioner och centrumbildningar,Samhällsvetenskapliga fakulteten,Department of Human Geography,Departments of Administrative, Economic and Social Sciences,Faculty of Social Sciences
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- Enflo, Kerstin (author)
- Lund University,Lunds universitet,Ekonomisk-historiska institutionen,Ekonomihögskolan,Department of Economic History,Lund University School of Economics and Management, LUSEM
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- Andersson, Fredrik N G (author)
- Lund University,Lunds universitet,Nationalekonomiska institutionen,Ekonomihögskolan,Department of Economics,Lund University School of Economics and Management, LUSEM
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(creator_code:org_t)
- Elsevier BV, 2011
- 2011
- English.
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In: Explorations in Economic History. - : Elsevier BV. - 0014-4983. ; 48:4, s. 538-555
- Related links:
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http://dx.doi.org/10...
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Abstract
Subject headings
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- Using a novel dataset of regional GDP per worker from 1860 to 2009, this paper analyzes communalities in regional long-term growth trajectories for 24 Swedish regions. Wavelet Analysis and Principal Component Analysis are used to decompose regional growth trajectories and assess the extent that regional growth patterns share common trends and cyclical properties. The study found that regional growth trends show strong common features among groups of regions in Sweden. Natural-resource-rich regions benefited from the First Industrial Revolution. Contrary to regional development in many other European economies, a growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. The countrywide trend of growth slowed in the 1970s when the metropolitan regions became the main growth engines. In mid- and short-term cyclical movements, regions display more heterogeneous growth patterns, and we find evidence of mid-term, sequential lead–lag patterns in regional growth, especially between urban cores and the periphery.
Subject headings
- SAMHÄLLSVETENSKAP -- Social och ekonomisk geografi -- Ekonomisk geografi (hsv//swe)
- SOCIAL SCIENCES -- Social and Economic Geography -- Economic Geography (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economic History (hsv//eng)
Keyword
- Economic history
- Economic geography
- Regional growth
- Wavelet analysis
- Sweden
Publication and Content Type
- art (subject category)
- ref (subject category)
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