Bohlin, Jan () (Department of Economic History, School of Business, Economics and Law, Göteborg University) Larsson, Svante () (Department of Economic History, School of Business, Economics and Law, Göteborg University)
Abstract
Trends in wage-rental ratios have figured prominently in the recent literature on factor price convergence and globalisation in the late nineteenth century. In that literature Sweden has been described as a free trade country whose wage-rental ratio exhibited a distinguished upward trend before World War I. This article presents a new series of land prices which 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 the change in the product mix from arable to animal products in Swedish agriculture.
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Length: 36 pages Date of creation: 01 Dec 2006 Date of revision: Handle: RePEc:hhs:gunhis:0007
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