Eurosclerosis or Financial Collapse : Why Did Swedish Incomes Fall Behind?

Why Did Swedish Incomes Fall Behind?

Eurosclerosis or Financial Collapse : Why Did Swedish Incomes Fall Behind?
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary policies. This paper argues rather, that the permanent loss in output following Sweden's banking crisis in... READ MORE...

Publication date: February 2005
ISBN 9781451860481
$15.00

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