Macroeconomic Perspectives on the Danish Economy: Problems, Policies and Prospects

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Abstract

Over the last 25 years the Danish economy has had difficulties in growing as fast as other EU countries and the United States. While the average growth difference is small, it signals that if this trend persists into the next century, Denmark will not be able to maintain its high position in the world income hierarchy. Moreover, during these years, the number of individuals living on transfer incomes have increased dramatically. Although we interpret both tendencies as signals of structural weaknesses, we are also aware that these developments may reflect that other goals in economic policy have been pursued, such as protecting the environment and/or achieving certain redistributive objectives. This paper analyzes this and other broad policy issues of importance for Denmark.
Original languageEnglish
Place of PublicationCopenhagen
PublisherDepartment of Economics. Copenhagen Business School
Number of pages53
Publication statusPublished - 1998
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number18

Cite this

Andersen, T. M., Hougaard Jensen, S. E., & Risager, O. (1998). Macroeconomic Perspectives on the Danish Economy: Problems, Policies and Prospects. Department of Economics. Copenhagen Business School. Working Paper / Department of Economics. Copenhagen Business School, No. 18