Bjørnskov, Christian; Svendsen, Gert Tinggaard - Nationalökonomisk Institut, Institut for Økonomi - 2002
Based on institutional economics, the paper develops a new model pointing at two main reasons why Scandinavia is doing so well in economic terms, namely the level of decentralisation and social capital in its broad sense. The idea in the model is that a political system, which decentralises...