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Editor: Universidad Carlos III de Madrid. Departamento de Historia Económica e InstitucionesUniversidad Carlos III de Madrid. Instituto Figuerola de Historia Económica

Issued date: 2007-06

Serie-No.: Working papers in Economic History07-10

Keywords: Iron , Steel , Sweden , Total factor productivity , Dual estimate

JEL Classification: D24 , L61 , N13 , N14 , N63 , N64 , O47

Rights: Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:This paper would like to analyse how Swedish iron and steel entrepreneursreacted to the strains of increasing competition on world markets whichaffected the industry between 1870 and 1940. It implicitly searches forreadjustments taken by the sector as a This paper would like to analyse how Swedish iron and steel entrepreneursreacted to the strains of increasing competition on world markets whichaffected the industry between 1870 and 1940. It implicitly searches forreadjustments taken by the sector as a whole in order to increase productivity.A first part of the paper presents the breakdown into periods and thebackground to the transitions we are going to examine. We then go on todescribe the data we have assembled for the contrast both from nationalaccounts and complementary sources. We contrast the coherence of the dataseries by estimating total factor productivity with a primal and a dual approachand by looking at factor substitution and relative prices. Next we examine thecontribution to growth of the different inputs: labour, capital, resources andTFP. We find evidence for the industry reacting to competitive strains andoverall we find TFP as the main responsible force.+-





Author: Houpt, Stefan

Source: http://e-archivo.uc3m.es


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Universidad Carlos III de Madrid Repositorio institucional e-Archivo http:--e-archivo.uc3m.es Instituto Figuerola de Historia y Ciencias Sociales IFCS - Working Papers in Economic History.WH 2007-06 Productivity and transition in Swedish iron and steel, 1870-1940 Houpt, Stefan http:--hdl.handle.net-10016-843 Descargado de e-Archivo, repositorio institucional de la Universidad Carlos III de Madrid UNIVERSIDAD CARLOS III DE MADRID Working Papers in Economic History June 2007 WP 07-10 Productivity and Transition in Swedish Iron and Steel, 1870-1940 Stefan Houpt Abstract This paper would like to analyse how Swedish i ron and steel entrepreneurs reacted to the strains of increasing competition on world markets which affected the industry between 1870 and 1940.
It implicitly searches for readjustments taken by the sector as a whole in order to increase productivity. A first part of the paper presents the breakdown into periods and the background to the transitions we are going to examine.
We then go on to describe the data we have assembled for the contrast both from national accounts and complementary sources.
We contrast the coherence of the data series by estimating total factor productivity with a primal and a dual approach and by looking at factor substitution and relative prices.
Next we examine the contribution to growth of the different inputs: labour, capital, resources and TFP.
We find evidence for the industry reacting to competitive strains and overall we find TFP as the main responsible force. Keywords: iron, steel, Sweden, total factor productivity, dual estimate JEL Classification: D24, L61, N13, N14, N63, N64 and O47 Stefan Houpt: Departamento de Historia Económica e Instituciones, Universidad Carlos III de Madrid, C-Madrid 126, 28903 Getafe, Spain. Email: shoupt@clio.uc3m.es http:--www.uc3m.es-uc3m-dpto-HISEC-profesorado-Personal_Stefan_Houpt.html UNIVERSIDAD CARLOS III DE MADRID c- Madrid 126 28903 Getafe (Spain)Tel: (34) 91 624 96 ...





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