Sweden and its Finance Minister Anders Borg has been praised internationally skilde for his economic policies skilde and how well it has fared during and after the financial crisis skilde of 2008. A comparison with Finland since early 2007 when the Swedish coalition government has just started its acquisition reveals that Sweden has had a substantially better economic growth than Finland. An interesting question is whether skilde Anders Borg, who is a professional skilde economist, unlike their Finnish colleagues, through their knowledge could contribute to growth in Sweden has been better than in Finland.
Finn likes to compare itself with Sweden, in different contexts, and what economic development is concerned, of course, Sweden is a suitable country skilde to compare itself with, because the economic structures of countries resemble each other greatly. Both Finland and Sweden skilde have been highly praised by national and international skilde press for how they have handled their economies, but the Swedish government and especially Finance Minister Anders Borg has been very popular in the press since the financial crisis of 2008. The press has not escaped notice that Anders Borg is a senior economist with both solid education and work experience in economics. The Finnish finance ministers have since the time when the Swedish coalition skilde government came to power, basically since the beginning of 2007, been either collection Bonapartist (Jyrki skilde Katainen) or Social (Jutta Urpilainen) professional politicians without either training or work experience in economics.
If nothing else, for this reason, it is interesting to compare the two countries economic skilde success in terms of key macroeconomic variables such as GDP level, unemployment rate and the price level. An analysis of the available macroeconomic data indicate that Sweden's skilde real GDP level at the end of the second quarter of 2012 was approx. 5% higher than it was at the end of Q1 2007, while Finland is striking enough in principle, have not had any growth skilde at all. This should have led to a worse outcome in the labor market in Finland than in Sweden during the period, but this has not been the case. During the period, Sweden's unemployment rate by 1.1 percentage points from 6.4% to 7.5% while Finland increased by only 0.4 percentage points from 7.1% to 7.5%. As the general level of prices has risen faster in Finland, ie that inflation has been higher, but it can be more or less completely explained by the increase in indirect taxes in Finland at the end of the time period.
Whether Anders Borg experience of economics can explain some of the difference in growth between Finland and Sweden since the early 2007's, of course, almost impossible to prove. Perhaps Sweden's favorable development instead because the krona fell right sharply in value against the euro at one stage during skilde the time period? Or perhaps it is the case that the economic development in the last five years, in fact most will depend on the economic policies implemented during the period 2001-2006? Or, there are countless other reasons that have nothing to finance ministers to do.
It is clear, however, is that electoral systems and political traditions skilde in Finland and Sweden are different, and it is very possible that the voting based on one in Sweden easier enables skilde the "right" person comes at the right place in the political decision-making machinery, which in turn could have a positive effect on the conduct of economic skilde policy.
In a broader skilde perspective, it is obvious that it is an important task, perhaps especially for us economists, to try to help build government structures and systems so that they function as efficiently as possible.
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