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On Finland's Economic Growth and Convergence with Sweden and the EU15 in the 20th Century

The convergence and non-convergence of countries on average income levels has been one of the major research issues in economic history and economics since the mid-20th century. At the same time with the observation of divergence among all the countries in the world, some of the originally poor countries have managed to catch up the average income levels of the rich ones. Finland is one of a few examples of this in the 20th century. Particularly, Finland has converged, in the strict meaning of the concept, with the average income levels of her leading neighbours, Sweden and the EU15.

The study explores Finnish catch-up and convergence, and how these were achieved in a geographically large and sparsely populated peripheral country. The topic is investigated by econometric techniques with annual long-run data sets. The growth of Finland is compared with that of Sweden and the EU15, framing the discussion in the growth variation of a broad set of countries.

ISSN 1798–8578 (pdf)

ISBN 978–952–244–334–2 (pdf)

Download the publication in pdf format (5.4 Mb, 256 p.)

Inquiries: Arto Kokkinen, +358 09 1734 3485,

Last updated 19.3.2012