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Att trygga framtiden: Beslutsprocessen om LKAB:s vinstavsättning 1956–1961
Umeå University, Faculty of Social Sciences, Unit of Economic History.ORCID iD: 0000-0002-5434-7304
Umeå University, Faculty of Social Sciences, Unit of Economic History.ORCID iD: 0000-0002-3848-3314
2021 (Swedish)In: Historisk Tidskrift, ISSN 0345-469X, E-ISSN 2002-4827, Vol. 141, no 4, p. 643-667Article in journal (Refereed) Published
Abstract [en]

When the Swedish state nationalised the mining company LKAB in 1957, it became the sole owner of one of the richest iron ore fields in the world. The government was aware that iron ore was a non-renewable resource and wished to conserve this wealth for future generations by allocating part of the revenue from LKAB to a mineral trust fund. This article investigates the decision-making process that created the LKAB trust fund. We demonstrate that, initially, the Social Democratic government had a dual goal with the LKAB trust fund. On the one hand, it wanted to use the revenue from LKAB to fund applied scientific and technical research to complement research and development within the private sector, thereby aiming to accelerate economic growth. On the other hand, the government were very concerned about the economic development of northern Sweden, where LKAB´s mines were located. It wished to reduce the dependence on natural resource exports and to diversify the regional economy by providing capital for investments in the manufacturing industry. 

However, the government eventually came to the decision that these disparate goals could only be realized by creating two separate funds. One fund, the so-called Ore fund (Malmfonden) was created to fund applied technical and scientific research. The other fund, the so-called Norrland fund (Norrlandsfonden), was created to provide investment capital for manufacturing industries in northern Sweden. The Social Democratic government had strong political ambitions to develop both these areas. To retain its commitment to national growth, it wanted the state to keep technological development in the economy at a sufficient level. The government also had a growing commitment towards spatial cohesion and began to implement active regional policies in northern Sweden. By stimulating investment in manufacturing industries, it hoped to break what was perceived as long-standing structural problems of regional unemployment and unbalanced outmigration.

Abstract [sv]

I samband med att LKAB förstatligades 1957 ville staten skapa alternativa inkomstkällor utanför gruvbrytningen genom att använda LKAB:s vinster för framtidsinriktade syften. Resultatet blev två fonder: Malmfonden, som var en nationell fond för teknisk-naturvetenskaplig forskning, och Norrlandsfonden, som var en fond för kreditgivning till regionalpolitiskt motiverade industriinvesteringar. Uppsatsen beskriver tillkomsten av dessa fonder och hur malmintäkterna fördelades mellan dem.

Place, publisher, year, edition, pages
Svenska Historiska Föreningen, 2021. Vol. 141, no 4, p. 643-667
Keywords [en]
Sweden, Economic history, 20th century, public finance, mineral trust funds
National Category
Economic History
Research subject
Economic History
Identifiers
URN: urn:nbn:se:umu:diva-190477OAI: oai:DiVA.org:umu-190477DiVA, id: diva2:1620721
Funder
The Jan Wallander and Tom Hedelius Foundation, P19:0049Available from: 2021-12-16 Created: 2021-12-16 Last updated: 2022-05-10Bibliographically approved

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Eriksson, MartinAndersson-Skog, Lena

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CiteExportLink to record
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