Development blocks and the second industrial revolution – Sweden 1900-1970
Kerstin Enflo,
Astrid Kander () and
Lennart Schön ()
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Lennart Schön: CIRCLE, Lund University, Postal: PO Box 117, Sölvegatan 16, SE-22100 Lund, Sweden
No 2006/10, Papers in Innovation Studies from Lund University, CIRCLE - Centre for Innovation Research
Abstract:
The paper explores development blocks around electrification at a 14 sector level in the Swedish economy 1900-1974. We suggest that long-run cointegration relations in combination with mutually Granger-causing short-run effects form a development block. One block centred on electricity that comprises five more sectors is found. In addition we demonstrate that increasing its electricity share makes a sector grow faster, and by testing the electricity share versus the growth rates we find another development block around electricity, party overlapping the first one.
Keywords: development block; electricity; GPT; second industrial revolution (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2006-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2006_010
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