When and Why Did Sweden Lag Behind? 'Eurosclerosis' Revisited
The conventional view is that Sweden transformed its economy and institutions more slowly than other countries after the structural crisis of the late 1970s, and this is held as an explanation for Sweden’s poor economic growth thereafter. This paper questions that view in several aspects. First, it points out that Sweden has performed comparatively well since the end of the EMS crisis. Second, Swe