The autonomy of national policy in a globalised world: the experience in the Scandinavian EU countries Denmark, Finland and Sweden

Stefanie Bahr, Thomas Sauer and Lena Vogel ()
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Stefanie Bahr: Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation
Lena Vogel: University of Kent
Authors registered in the RePEc Author Service: Lena Dräger

No 06-2007, IMK Studies from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute

Abstract: The aim of this study was to provide answers to two research questions. While the first one is concerned with the causes of the remarkable macroeconomic resilience of the Nordic EU-countries since the mid-1990s, the second one is related to the sustainability of a high degree of government activity in times of financial globalisation. The authors start their inquiry with the suggestion that it is the Scandinavian welfare state that closely connects these short-term and long-term issues. It turned out that the concepts of norm-based regimes and regime constellations based on institutional complementarities are extremely helpful in the exploration of these interconnections. This result is substantiated by an extensive review of the literature on the Scandinavian welfare state and, in particular, by an econometric investigation of macroeconomic regimes and regime shifts in the Nordic EU countries.

Pages: 194 pages
Date: 2007
New Economics Papers: this item is included in nep-eec
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Persistent link: https://EconPapers.repec.org/RePEc:imk:studie:06-2007

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