An Economic History of Sweden

Magnusson, Lars

doi:10.4324/9780203451151

Cited by 76 publications

(17 citation statements)

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“…120 The main difference between the two series is the comparably stronger increase in the Gothenburg index after the 1920s and more pronounced fluctuations during the 1950s. 121 The indices appear to by and large be in line with the fundamental macroeconomic trends and developments in the Swedish housing market Magnusson, 2000). 122 Söderberg et al (2014), however, also reason that the index may not adequately depict the exact extent of the crises and their aftermaths in 1885-1893 and 1907. According to Söderberg et al (2014), it was rent regulation introduced during the years of World War II that held down the prices for apartment buildings.…”

mentioning

confidence: 93%

No Price Like Home: Global House Prices, 1870–2012

Knoll

Schularick

Steger

2017

American Economic Review

372

258

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How have house prices evolved in the long-run? This paper presents annual house price indices for 14 advanced economies since 1870. Based on extensive data collection, we are able to show for the first time that house prices in most industrial economies stayed constant in real terms from the 19th to the mid-20th century, but rose sharply in recent decades. Land prices, not construction costs, hold the key to understanding the trajectory of house prices in the long-run. Residential land prices have surged in the second half of the 20th century, but did not increase meaningfully before. We argue that before World War II dramatic reductions in transport costs expanded the supply of land and suppressed land prices. Since the mid-20th century, comparably large land-augmenting reductions in transport costs no longer occurred. Increased regulations on land use further inhibited the utilization of additional land, while rising expenditure shares for housing services increased demand.

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confidence: 93%

No Price Like Home: Global House Prices, 1870–2012

Knoll

Schularick

Steger

2017

American Economic Review

372

258

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“…The increasing intensity of that critique combined with a genuine preoccupation for profoundly disrupting social trends to foster action and organization within parts of the European business classes. Paternalism flourished in that context (Magnusson 2000;Nielsen 1994). …”

Section: Historical Context: Industrialization and Personal Capitalismmentioning

confidence: 99%

Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective

Djelic

Etchanchu

2015

AMPROC

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This article provides a historical contextualization of Corporate Social Responsibility (CSR) and its political role. CSR, we propose, is one form of businesssociety interactions reflecting a unique ideological framing. To make that argument, we compare contemporary CSR with two historical ideal-types. We explore in turn paternalism in nineteenth century Europe and managerial trusteeship in early twentieth century US. We outline how the political responsibilities of business were constructed, negotiated, and practiced in both cases. This historical contextualization shows that the frontier between economy and polity has always been blurry and shifting and that firms have played a political role for a very long time. It also allows us to show how the nature, extent, and impact of that political role changed through history and coevolved in particular with shifts in dominant ideologies. Globalization, in that context, is not the driver of the political role of the firm but a moderating phenomenon contributing significantly to the dynamics of this shift. The comparison between paternalism, trusteeship, and contemporary CSR points to what can be seen as functional equivalents-alternative patterns of business-society interactions that each correspond, historically, to unique and distinct ideological frames. We conclude by drawing implications for future theorizing on (political) CSR and stakeholder democracy.

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“…The focus shifted towards the supply-side, and firm profitability was to be achieved through currency devaluation and stagnating wages. Ultimately, this Resistance to the initial shock, employment change from the peak before the recession to the bottom of the shock Adaptability Post-recession growth (average annual employment change) Dec/Exp Emp Declining or expanding employment in the region or sector, 1990 compared to 2010 Micro 1-9 employees at a plant SME 10-249 employees at a plant Large 250 or more employees at a plant led to an overheated Swedish market and a major macroeconomic recession at the beginning of the 1990s, where gross domestic product (GDP) fell by 6% and unemployment rose from 1.5% (1989)(1990) to 8.2% in 1993 (Magnusson, 2002). The recession hit the economy hard and, as shown in Figure 1, it took a long time before Sweden managed to recoup an employment level with a magnitude similar to that of the late 1980s.…”

Section: Introductionmentioning

confidence: 99%

How do regional economies respond to crises? The geography of job creation and destruction in Sweden (1990–2010)

Eriksson

Hane-Weijman

2016

European Urban and Regional Studies

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Using Swedish longitudinal micro-data, the aim of this paper is to analyse how regional economies respond to crises. This is made possible by linking gross employment flows to the notion of regional resilience. Our findings indicate that despite a steady national employment growth, only the three metropolitan regions have fully recovered from the recession of 1990. Further, we show evidence of high levels of job creation and destruction in both declining and expanding regions and sectors, and that the creation of jobs is mainly attributable to employment growth in incumbent firms, while job destruction is primarily due to exits and micro-plants. Although the geography of resistance to crises and the ability of adaptability in the aftermath vary, our findings suggest that cohesive (i.e., with many skill-related industries) and diverse (i.e., with a high degree of unrelated variety) regions are more resilient over time. We also find that resistance to future shocks (e.g., the 2008 recession) is highly dependent on the resistance to previous crises. In all, this suggests that the long-term evolution of regional economies also influences their future resilience.

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An Economic History of Sweden

Cited by 76 publications

References 0 publications

No Price Like Home: Global House Prices, 1870–2012

No Price Like Home: Global House Prices, 1870–2012

Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective

How do regional economies respond to crises? The geography of job creation and destruction in Sweden (1990–2010)

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