A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
Road to unity? : Nordic economic convergence in the long run (2022)

Bruno, L., Eloranta, J., Ojala, J., & Pehkonen, J. (2022). Road to unity? : Nordic economic convergence in the long run. Scandinavian Economic History Review, Early online. https://doi.org/10.1080/03585522.2022.2032318

JYU-tekijät tai -toimittajat

Julkaisun tiedot

Julkaisun kaikki tekijät tai toimittajat: Bruno, Lars; Eloranta, Jari; Ojala, Jari; Pehkonen, Jaakko

Lehti tai sarja: Scandinavian Economic History Review

ISSN: 0358-5522

eISSN: 1750-2837

Julkaisuvuosi: 2022

Ilmestymispäivä: 20.03.2022

Volyymi: Early online

Kustantaja: Routledge

Julkaisumaa: Britannia

Julkaisun kieli: englanti

DOI: https://doi.org/10.1080/03585522.2022.2032318

Julkaisun avoin saatavuus: Avoimesti saatavilla

Julkaisukanavan avoin saatavuus: Osittain avoin julkaisukanava

Julkaisu on rinnakkaistallennettu (JYX): https://jyx.jyu.fi/handle/123456789/80383

Tiivistelmä

This study examines Nordic economic convergence from the sixteenth to twentieth century respective of the economic leaders, in effect the UK before 1914 and USA thereafter. The paper uses a novel approach of combining the analysis of both GDP and wages. The examination of real GDP per capita suggests that there was a catch-up process in play, both with the economic leaders and among the Nordic states, from the early nineteenth century onwards. However, the examination of the adjusted silver wages suggests convergence among the Nordic economies by the end of the eighteenth century. Therefore, we argue, no single Nordic Model emerged from these development patterns, even though the Nordic states today do have striking similarities. Furthermore, they diverged from the West European growth path until the twentieth century, thus they were a part of the Little Divergence at Europe’s other peripheries. The world wars and other crises delayed the full impacts of the convergence process until the latter part of the twentieth century.

YSO-asiasanat: kansantalous; taloudellinen kehitys; bruttokansantuote; palkat; konvergenssi; taloushistoria

Vapaat asiasanat: Pohjoismaat

Liittyvät organisaatiot

Hankkeet, joissa julkaisu on tehty

OKM-raportointi: Kyllä

Raportointivuosi: 2022

Alustava JUFO-taso: 2