Technological shifts and convergence in a European perspective since 1950

Scandinavian Economic History Review

Volumn 55, Issue 3, 2007, Pages 222-243

  Schön, Lennart ^a  

^a NONE

Author keywords

Convergence; Cycles; Growth; Structural change; Technical change

Indexed keywords

CONVERGENCE; ECONOMETRICS; ECONOMIC HISTORY; ECONOMIC INTEGRATION; GROWTH THEORY; OECD; TECHNOLOGICAL CHANGE;

EURASIA; EUROPE; WESTERN EUROPE;

EID: 37349117613     PISSN: 03585522     EISSN: 17502837     Source Type: Journal    
DOI: 10.1080/03585520701768701     Document Type: Article

References (32)

1. Crafts, Nicholas F.R. & Toniolo, Gianni, Postwar growth: An overview, in Economic Growth in Europe since 1945, Eds N.F.R. Crafts & G. Toniolo. Cambridge: Cambridge University Press 1996, 16.
2. O'Rourke, Kevin H. & Williamson, Jeffrey G., Late-Nineteenth Century Anglo-American Factor Price Convergence: Were Heckscher and Ohlin Right?, The Journal of Economic History 1994: 4.
3. Williamson, Jeffrey G., Globalization, Convergence and History, The Journal of Economic History, 1996:2.
4. Williamson, Jeffrey G., The Evolution of Global Labor Markets Since 1850: Background Evidence and Hypotheses, Explorations in Economic History, 1995: 2, 162.
5. Notably by Romer, Paul M., Increasing Returns and Long Run Growth, The Journal of Political Economy, vol. 94, 1986;
6. Romer, Paul M., Endogenous Technical Change, Journal of Political Economy, vol. 98, 1990: 71-102,
7. and Lucas Jr, Robert E., On the Mechanics of Economic Development, Journal of Monetary Economics, vol. 22, 1988: 3-42.
8. Fujita, Masahisa, Krugman, Paul R. & Venables, Anthony J, The Spatial Economy: Cities, Regions and International Trade. Cambridge Mass.: MIT Press 1999.
9. Abramovitz, Moses, Catching Up, Forging Ahead and Falling Behind, The Journal of Economic History, vol. 46, 1986.
10. Mankiw, N. Gregory, Romer, David & Weil, David N., A Contribution to the Empirics of Economic Growth, The Quarterly Journal of Economics, May 1992: 407-437.
11. See the structural model presented in e.g. Krantz, Olle & Schön, Lennart, Den svenska krisen i långsiktigt perspektiv, Ekonomisk Debatt, nr 7,
12. and the successive works of Schö n, Lennart, Omvandling och obalans. Mönster i svensk ekonomisk utveckling. Bilaga 3 till Långtidsutredningen, Finansdepartementet, Stockholm, 1994.
13. Schön, Lennart, Industrial Crises in a Model of Long Cycles: Sweden in an International Perspective, in Economic Crises and Restructuring in History, Ed. T. Myllyntaus. Frankfurt 1998.
14. Schön, Lennart, Electricity, Technological Change and Productivity in Swedish Industry 1890-1990, European Review of Economic History, vol. V, no.2, 2000:175-194.
15. Bresnahan, Timothy F. & Trajtenberg, Manuel, General Purpose Technologies: 'Engines of Growth?', Journal of Econometrics, vol. LXV, 1995: 83-108.
16. See e.g. Crafts, Nicholas F.R., The Solow Productivity Paradox in Historical Perspective, CEPR Discussion Paper 3142, 2002.
17. The concept developed in Dahmén, Erik, Svensk industriell foretagarverksamhet. Kausalanalys av den industriella utvecklingen 1919-1939. Part I-II. IUI. Stockholm.
18. See also Dahmén, Erik, Development Blocks in Industrial Economics, Scandinavian Economic History Review, vol. 36, 1988.
19. Crafts & Toniolo, Postwar Growth: An Overview, 32.
20. See for instance Prados de la Escosura, Leandro, International Comparisons of Real Product, 1820-1990: An Alternative Data Set, Explorations in Economic History, vol. 37, 2000.
21. Schö n, Lennart, Swedish Industrialization 1870-1930 and the Heckscher-Ohlin Theory, in Eli Heckscher, International Trade and Economic History, Ed. Ronald Findlay, Håkan Lindgren & Mats Lundahl. Cambridge Mass.: MIT Press 2006.
22. Abramovitz, Moses & David, Paul, Reinterpreting Economic Growth: Parables and Realities, American Economic Review, vol. LXIII, 1973: 2.
23. Goldin, Claudia & Katz, Lawrence, The Origins of Technology-Skill Complementarity, NBER Working Paper 5657, Cambridge Mass 1996.
24. Crafts & Toniolo, Postwar Growth: An Overview, 4 ff.
25. Cf. 'Jones' critique', Jones, C.I., R&D-based Models of Economic Growth, The Journal of Political Economy, vol. 103, 1995: 759-784.
26. Josephson, Camilla, Growth and Business Cycles. Swedish Manufacturing Industry 1952-2001. Lund Studies in Economic History: Almqvist&Wiksell 2005.
27. Eichengreen, Barry, Institutions and Economic Growth: Europe after World War II, in Economic Growth in Europe, Eds Crafts & Toniolo, 38.
28. Cf. Temin, Peter, The Golden Age of European Growth Reconsidered, European Review of Economic History, vol. 6, no. 1, 2002: 3-22.
29. Barro, Robert J. & Sala-i-Martin, Xavier, Convergence, The Journal of Political Economy, vol. 100, no. 2, 1992: 223-251.
30. Cf. Quah's critique of these concepts, Quah, Danny, Galton's Fallacy and Test of the Convergence Hypothesis, The Scandinavian Journal of Economics, vol. 95, no. 4, 1993: 427-444.
31. The convergence series is stationary, while there is a weak trend in the investment series. An estimate on differentiated series gives the same result, however, but with a lower statistical significance.
32. The restriction to the period 1979-2002 is due to data limitations at this level of disaggregation.