Economic growth and welfare state: a case study of Sweden

Buendía, Luis; Palazuelos, Enrique

doi:10.1093/cje/bet049

Cited by 13 publications

(13 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The welfare state's main aims are full employment, better living conditions, and low inequalities in income distribution. Additionally, the main welfare state instruments are presented as income transfers (or deferred wages), social services (or indirect wages), and fiscal policy, which allows the state to collect the money needed to finance these transfers and services [25].…”

Section: Opinions Regarding the Role Of The State And Its Functions In The Economymentioning

confidence: 99%

Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries

et al. 2020

View full text Add to dashboard Cite

The governments’ intervention in the economy impacts technological performance and sustainability. This role has become even more critical due to the COVID-19 situation and in the context of the continuous increase in resource consumption, which requires finding alternative solutions. We provide a comprehensive literature review about the state’s economic functions, redistribution of resources in society, and the role of state intervention in sustainability-related issues, giving a full description of the opinions and concepts primarily of economists. We propose to study governments’ interventions in their economy using budgetary resources on public expenditure, highlighting the leading factors in government policies using a suggested intervention index. The state’s intervention policy’s stability is measured via the intervention index’s partial autocorrelation function over the years. We collected data from OECD data sets and conducted a descriptive statistical analysis followed by panel data analysis. Subsequently, two questions are explored about the state’s intervention and its technical performance and technology-related sustainability issues. Results show that economic strength positively affects the intervention. Expenditures on education may lead to better technological outcomes, unlike expenses on health. The tax burden inhibits innovation and technological progress, but total governmental revenues positively affect technological performance.

show abstract

Section: Opinions Regarding the Role Of The State And Its Functions In The Economymentioning

confidence: 99%

Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries

et al. 2020

View full text Add to dashboard Cite

show abstract

“…Norwegian labor unions were particularly reluctant to the introduction of a strict inflation targeting policy because of the previous experiences in Denmark and Sweden. In these Scandinavian neighbors the move towards a strict monetary policy was accompanied by the weakening of collective bargaining, increasing unemployment rates, the erosion of social benefits and rising inequality among citizens (Moses, 1994;Iversen, 1996;Palazuelos and Buendía, 2014). With increasingly interconnected capital markets, excessive wage hikes set during collective bargaining rounds ended up in international competitiveness loss and risks of capital flights towards countries with lower production costs.…”

Section: The Link Between Monetary and Fiscal Policymentioning

confidence: 99%

The Coherence between Sovereign Wealth Funds and Fiscal and Monetary Policies: the Norwegian Case (2001-2017)

Wirth¹

2019

Fiscaoeconomia

View full text Add to dashboard Cite

This article seeks the link between the macroeconomic challenges faced by oil exporting economies and the use of public policies meant to mitigate the harmful effects of the dependence on hydrocarbon exports through the study of the Norwegian case. The main goal is to determine to what extent the coordination between the Norwegian sovereign wealth fund and countercyclical fiscal and monetary policies contributed to the mitigation of economic cycles triggered out by oil price volatility between 2001 and 2017.

show abstract

“…Steinmo, 2010), others that its existence was always mythical, albeit with some real institutional referents. Buendía and Palazuelos (2014) argue that the complementarity between export-led accumulation and the welfare state diminished following the 1991-1993 banking crisis. Schnyder (2012) argues that this has led to the rise of a new model.…”

Section: The Swedish Model Social Democracy and Pensionsmentioning

confidence: 99%

The unintended consequences of financialisation: Social democracy hamstrung? The pensions dilemma

Belfrage

2015

Economic and Industrial Democracy

View full text Add to dashboard Cite

At the end of the Third Way and no sense of its future, social democrats look to Sweden for inspiration. However, Swedish social democracy is in no better condition. Scholarship is starting to grasp the broad outlines of the movement’s difficulties. Providing greater depth, this article employs the Social Systems of Innovation and Production approach to analyse Swedish social democracy’s current condition by historicising its current policy dilemmas in relation to the public pension system, once the jewel in the crown of the Rehn–Meidner model and the push for economic and industrial democracy, now the constraining legacy of financialisation.

show abstract

Economic growth and welfare state: a case study of Sweden

Cited by 13 publications

References 15 publications

Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries

Governmental Intervention and Its Impact on Growth, Economic Development, and Technology in OECD Countries

The Coherence between Sovereign Wealth Funds and Fiscal and Monetary Policies: the Norwegian Case (2001-2017)

The unintended consequences of financialisation: Social democracy hamstrung? The pensions dilemma

Contact Info

Product

Resources

About