The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Finance and economic growth : The case of Sweden 1834-1991

På svenska

Author

Summary, in English

This study examines the long-run relationship between finance and economic growth in Sweden from the 1830s to the 1990s using recently developed econometric techniques for tests of cointegration. The role of investment, education and technological progress (patents) is accounted for as well in order to assess the relative importance of the development of the financial system for growth performance. A fairly unique set of long-run data is employed. To our knowledge, no tests of this kind have been reported previously, at least not for the European experience. The empirical work suggests that there has been a pattern of interaction among the variables examined. The estimated contribution of the financial system to economic growth is shown to depend crucially on the time period studied and the variables included in the analysis.

Publishing year

1997-09

Language

English

Pages

275-301

Publication/Series

Research in Economics

Volume

51

Issue

3

Document type

Journal article

Publisher

Academic Press

Topic

  • Economic History

Keywords

  • financial development
  • economic growth
  • cointegration
  • Sweden

Status

Published

ISBN/ISSN/Other

  • ISSN: 1090-9443