The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms

How can a country improve productivity growth in its business sector and reach its growth potential? Sweden during the 1970–2010 period can serve as an example to help other countries understand how to efficiently reform a business sector. In the 1990s, Sweden implemented a reform package that ignit...

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Bibliographic Details
Main Authors:	Heyman, Fredrik, Norback, Pehr-Johan, Persson, Lars
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2021
Subjects:	ENTERPRISE DEVELOPMENT BUSINESS REGULATION BUSINESS SECTOR REFORM PRODUCTIVITY GROWTH ALLOCATIVE EFFICIENCY JOB DYNAMICS INDUSTRIAL STRUCTURE STRUCTURAL TRANSFORMATION
Online Access:	http://hdl.handle.net/10986/35085

id	okr-10986-35085
recordtype	oai_dc
spelling	okr-10986-350852021-04-23T14:02:15Z The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms Heyman, Fredrik Norback, Pehr-Johan Persson, Lars ENTERPRISE DEVELOPMENT BUSINESS REGULATION BUSINESS SECTOR REFORM PRODUCTIVITY GROWTH ALLOCATIVE EFFICIENCY JOB DYNAMICS INDUSTRIAL STRUCTURE STRUCTURAL TRANSFORMATION How can a country improve productivity growth in its business sector and reach its growth potential? Sweden during the 1970–2010 period can serve as an example to help other countries understand how to efficiently reform a business sector. In the 1990s, Sweden implemented a reform package that ignited a successful reorganization of a business sector that had faltered for decades. To understand the economic forces behind this process, the paper first surveys the industrial restructuring literature and then examine the reform package using Swedish matched plant-firm-worker data. The removal of barriers to growth for new and productive firms, as well as increased rewards for investment in human capital, were crucial to the success of Sweden's reforms. The paper also discusses how the reform experience of a developed country such as Sweden can be useful for developing countries that are in the process of transforming their business sectors. The findings suggest that policymakers have much to learn from country case studies and that the Swedish experience can be a valuable case study for developing countries that are attempting to promote growth by developing their business sectors. 2021-02-01T22:18:30Z 2021-02-01T22:18:30Z 2019-08 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/35085 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	ENTERPRISE DEVELOPMENT BUSINESS REGULATION BUSINESS SECTOR REFORM PRODUCTIVITY GROWTH ALLOCATIVE EFFICIENCY JOB DYNAMICS INDUSTRIAL STRUCTURE STRUCTURAL TRANSFORMATION
spellingShingle	ENTERPRISE DEVELOPMENT BUSINESS REGULATION BUSINESS SECTOR REFORM PRODUCTIVITY GROWTH ALLOCATIVE EFFICIENCY JOB DYNAMICS INDUSTRIAL STRUCTURE STRUCTURAL TRANSFORMATION Heyman, Fredrik Norback, Pehr-Johan Persson, Lars The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
description	How can a country improve productivity growth in its business sector and reach its growth potential? Sweden during the 1970–2010 period can serve as an example to help other countries understand how to efficiently reform a business sector. In the 1990s, Sweden implemented a reform package that ignited a successful reorganization of a business sector that had faltered for decades. To understand the economic forces behind this process, the paper first surveys the industrial restructuring literature and then examine the reform package using Swedish matched plant-firm-worker data. The removal of barriers to growth for new and productive firms, as well as increased rewards for investment in human capital, were crucial to the success of Sweden's reforms. The paper also discusses how the reform experience of a developed country such as Sweden can be useful for developing countries that are in the process of transforming their business sectors. The findings suggest that policymakers have much to learn from country case studies and that the Swedish experience can be a valuable case study for developing countries that are attempting to promote growth by developing their business sectors.
format	Journal Article
author	Heyman, Fredrik Norback, Pehr-Johan Persson, Lars
author_facet	Heyman, Fredrik Norback, Pehr-Johan Persson, Lars
author_sort	Heyman, Fredrik
title	The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
title_short	The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
title_full	The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
title_fullStr	The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
title_full_unstemmed	The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms
title_sort	turnaround of the swedish economy : lessons from large business sector reforms
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2021
url	http://hdl.handle.net/10986/35085
_version_	1764482293766815744

The Turnaround of the Swedish Economy : Lessons from Large Business Sector Reforms

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