Efficiency and equity – The Swedish economy in comparison to other countries at the beginning of the 21st century
Czarny Bogusław () and
Czarny Elżbieta ()
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Czarny Bogusław: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland, E-Mail: email@example.com
Czarny Elżbieta: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland.
International Journal of Management and Economics, 2021, vol. 57, issue 3, 255-267
Referring to economic ideals of efficiency and equity, we are comparing the state of the Swedish economy in the early 21st century to the situation in other countries, especially the other Nordic countries, the United States (US), and Poland. After presenting the basic facts about Nordic countries we examine the issue of economic efficiency. In addition to gross domestic product (GDP) we use the Human Development Index (HDI), the findings of the economics of happiness, and the number of registered triadic patent families as measures of efficiency. Then we analyze the issue of equity. We use the Gini coefficient, the extent of poverty, the level of unemployment, and the level of intergenerational mobility of earnings as measures of equity.
Keywords: comparative economic systems; Nordic model; Sweden (search for similar items in EconPapers)
JEL-codes: P52 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ijomae:v:57:y:2021:i:3:p:255-267:n:3
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