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Trends and cycles in regional economic growth: How spatial differences shaped the Swedish growth experience from 1860–2009

Henning, Martin LU ; Enflo, Kerstin LU and Andersson, Fredrik N G LU (2011) In Explorations in Economic History 48(4). p.538-555
Abstract
Using a novel dataset of regional GDP per worker from 1860 to 2009, this paper analyzes communalities in regional long-term growth trajectories for 24 Swedish regions. Wavelet Analysis and Principal Component Analysis are used to decompose regional growth trajectories and assess the extent that regional growth patterns share common trends and cyclical properties. The study found that regional growth trends show strong common features among groups of regions in Sweden. Natural-resource-rich regions benefited from the First Industrial Revolution. Contrary to regional development in many other European economies, a growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. The countrywide trend... (More)
Using a novel dataset of regional GDP per worker from 1860 to 2009, this paper analyzes communalities in regional long-term growth trajectories for 24 Swedish regions. Wavelet Analysis and Principal Component Analysis are used to decompose regional growth trajectories and assess the extent that regional growth patterns share common trends and cyclical properties. The study found that regional growth trends show strong common features among groups of regions in Sweden. Natural-resource-rich regions benefited from the First Industrial Revolution. Contrary to regional development in many other European economies, a growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. The countrywide trend of growth slowed in the 1970s when the metropolitan regions became the main growth engines. In mid- and short-term cyclical movements, regions display more heterogeneous growth patterns, and we find evidence of mid-term, sequential lead–lag patterns in regional growth, especially between urban cores and the periphery. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Economic history, Economic geography, Regional growth, Wavelet analysis, Sweden
in
Explorations in Economic History
volume
48
issue
4
pages
538 - 555
publisher
Elsevier
external identifiers
  • wos:000299065100007
  • scopus:84855940515
ISSN
0014-4983
DOI
10.1016/j.eeh.2011.07.001
language
English
LU publication?
yes
id
d8a42a1e-53c1-4133-8d7b-5ca6a2fc9b8a (old id 2064876)
date added to LUP
2011-08-23 15:51:52
date last changed
2017-08-27 04:38:19
@article{d8a42a1e-53c1-4133-8d7b-5ca6a2fc9b8a,
  abstract     = {Using a novel dataset of regional GDP per worker from 1860 to 2009, this paper analyzes communalities in regional long-term growth trajectories for 24 Swedish regions. Wavelet Analysis and Principal Component Analysis are used to decompose regional growth trajectories and assess the extent that regional growth patterns share common trends and cyclical properties. The study found that regional growth trends show strong common features among groups of regions in Sweden. Natural-resource-rich regions benefited from the First Industrial Revolution. Contrary to regional development in many other European economies, a growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. The countrywide trend of growth slowed in the 1970s when the metropolitan regions became the main growth engines. In mid- and short-term cyclical movements, regions display more heterogeneous growth patterns, and we find evidence of mid-term, sequential lead–lag patterns in regional growth, especially between urban cores and the periphery.},
  author       = {Henning, Martin and Enflo, Kerstin and Andersson, Fredrik N G},
  issn         = {0014-4983},
  keyword      = {Economic history,Economic geography,Regional growth,Wavelet analysis,Sweden},
  language     = {eng},
  number       = {4},
  pages        = {538--555},
  publisher    = {Elsevier},
  series       = {Explorations in Economic History},
  title        = {Trends and cycles in regional economic growth: How spatial differences shaped the Swedish growth experience from 1860–2009},
  url          = {http://dx.doi.org/10.1016/j.eeh.2011.07.001},
  volume       = {48},
  year         = {2011},
}