期刊名称:Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN:0804-6824
出版年度:2006
卷号:2006
出版社:Bergen
摘要:Currency gifts have proven to be a mixed blessing, as positive income shocks are often
followed by financial problems and slow economic growth rates. Norway has twice been
granted significant currency gifts: Firstly, through Britain’s huge demand for merchant fleet
services in the nineteenth century, secondly, by the exploration of petroleum reserves during
the last decades. Sweden has never gained currency gifts at the same scale. This paper offers
an examination of the effects of currency gifts on these neighbouring small open economies
by mapping relative wealth and seeking to examine patterns of convergence and divergence.