Series: IMF Working Papers
Author(s): Valerie Cerra , and Sweta Saxena
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2005
Keywords: Welfare State, Output Loss, unemployment, economic growth, per capita income, business cycle, Economywide Country Studies: Europe, Economic Growth of Open Economies, Structure, Scope
Sweden represents an archetypal welfare state economy, with extensive government safety nets. Some scholars have attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growt...