Electricity has been regarded as a typical example of a general purpose technology and important for the surge both in energy productivity and overall productivity in the American economy in the 1920s. This view was challenged by Nicholas and Moser (2004) based on patent statistics. We argue...

Efficiency in energy use is crucial for sustainable development. We use cointegration analyses to investigate the effect of electricity on energy productivity in Swedish industry 1930-1990. Electricity augmented energy productivity in those industrial branches that used electricity for multiple...

A comprehensive set of GDP series for Sweden with annual estimates at both aggregate and sector levels 1560-2010 is presented (Swedish Historical National Accounts of 2012). New series for the period 1560-1800 are linked to slightly revised data for 1800-2000, which are extended to 2010. The...

This timely and far-reaching book addresses the long-term impact of the recent global economic crisis. New light is shed on the crisis and its historical roots, and resolutions for a more robust, resilient future socio-economic model are prescribed.