학술논문

THE SWEDISH WAGE-RENTAL RATIO AND ITS DETERMINANTS, 1877-1926
Document Type
Author abstract
Source
Australian Economic History Review. March, 2007, Vol. 47 Issue 1, p49, 24 p.
Subject
Language
English
ISSN
0004-8992
Abstract
To purchase or authenticate to the full-text of this article, please visit this link: http://dx.doi.org/10.1111/j.1467-8446.2006.00196.x Byline: Jan Bohlin (1), Svante Larsson (1) Keywords: F20; N13; N53; O47 Abstract: Trends in wage-rental ratios figure prominently in the recent literature on factor price convergence and globalisation in the late nineteenth century. Sweden has been described as a free-trade country whose wage-rental ratio exhibited a distinctive upward trend before World War I. This article presents a new land price series that indicates an increase in land rentals and an evolution of the wage-rental ratio more in line with other European protectionist countries. We explore the determinants of the Swedish wage-rental ratio and assess the relative importance of protectionism and changes in Swedish farming's product mix from crop to animal products. Author Affiliation: (1)Goteborg University