Interpreting the role of expanding transport in overall production growth in the nineteenth century is still hampered by our lack of understanding of how much and when ocean shipping costs began to fall. This paper exploits new output and freight rate data for one of the world’s largest...

The Nordic Model is the 20th-century Scandinavian recipe for combining stable democracies, individual freedom, economic growth and comprehensive systems for social security. But what happens when Sweden and Finland - two countries topping global indexes for competitiveness, productivity, growth,...