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Swedish trade during the Scandinavian Monetary Union

Rydberg Svensson, Johan LU (2018) EKHS12 20181
Department of Economic History
Abstract
The effects of monetary union on the trade of member countries have been debated. Economists have suggested that monetary unions can significantly increase trade with other member countries in the monetary union and even outside it. This thesis investigates the Swedish membership in the Scandinavian Monetary Union (SMU) from 1875-1910. Using collected data and a tailor made data set on the bilateral trade of the most traded products. Sweden’s bilateral trade between members of the monetary union is compared to non-members. Firstly, on a product level with specialisation indexes, followed by calculations of Revealed Comparative Advantage over time. Finally, a gravity model is applied to quantify any potential SMU effect. The results of this... (More)
The effects of monetary union on the trade of member countries have been debated. Economists have suggested that monetary unions can significantly increase trade with other member countries in the monetary union and even outside it. This thesis investigates the Swedish membership in the Scandinavian Monetary Union (SMU) from 1875-1910. Using collected data and a tailor made data set on the bilateral trade of the most traded products. Sweden’s bilateral trade between members of the monetary union is compared to non-members. Firstly, on a product level with specialisation indexes, followed by calculations of Revealed Comparative Advantage over time. Finally, a gravity model is applied to quantify any potential SMU effect. The results of this thesis are that the SMU did not have a significant impact on Swedish bilateral trade compared to non-members. Moreover, the thesis illustrates the changes of Swedish exports and imports during this period, confirming previous works on Swedish trade. (Less)
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author
Rydberg Svensson, Johan LU
supervisor
organization
course
EKHS12 20181
year
type
H2 - Master's Degree (Two Years)
subject
language
English
id
8950773
date added to LUP
2018-08-20 14:49:28
date last changed
2018-08-20 14:49:28
@misc{8950773,
  abstract     = {{The effects of monetary union on the trade of member countries have been debated. Economists have suggested that monetary unions can significantly increase trade with other member countries in the monetary union and even outside it. This thesis investigates the Swedish membership in the Scandinavian Monetary Union (SMU) from 1875-1910. Using collected data and a tailor made data set on the bilateral trade of the most traded products. Sweden’s bilateral trade between members of the monetary union is compared to non-members. Firstly, on a product level with specialisation indexes, followed by calculations of Revealed Comparative Advantage over time. Finally, a gravity model is applied to quantify any potential SMU effect. The results of this thesis are that the SMU did not have a significant impact on Swedish bilateral trade compared to non-members. Moreover, the thesis illustrates the changes of Swedish exports and imports during this period, confirming previous works on Swedish trade.}},
  author       = {{Rydberg Svensson, Johan}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Swedish trade during the Scandinavian Monetary Union}},
  year         = {{2018}},
}