The Swedish economy is doing well thanks to innovation: an analysis from ARDL approach

Mabrouki, Mohamed (2019): The Swedish economy is doing well thanks to innovation: an analysis from ARDL approach.

Abstract

Economic reforms in Sweden in the early 1990s would have achieved economic performance, social justice and sound public finances. This study aims to empirically verify the impact of innovation, human capital and taxation on the growth of the Swedish economy. Using the ARDL and cointegration approach, we find evidence that 40% of long-term GDP growth is explained by innovation. In addition, we present the evidence that human capital, through its component that represents health, promotes long-term growth. However, the component that represents higher education is a hindrance to short-term growth over the long term.

• Item Type: MPRA Paper
• Language: English
• Keywords: Growth, Innovation, Human Capital, Taxation, Sweden, ARDL
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity

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