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Good Times are Drinking Times: Empirical Evidence on Business Cycles and Alcohol Sales in Sweden 1861-2000
Örebro Universitet.
Karlstad Universitet, Örebro Universitet.
2010 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 17, no 6, 543-546 p.Article in journal (Refereed) Published
Abstract [en]

This article studies the relationship between the business cycle and alcohol sales in Sweden using a data set for the years 1861-2000. Using wavelet-based band-pass filtering, it is found that there is a pro-cyclical relationship, i.e. alcohol sales increases in short-term economic upturns. Using moving window techniques, we see that the pro-cyclical relationship holds over the entire time period. We also find that alcohol sales are a long-memory process with nonstationary behaviour, i.e. a shock in alcohol sales has persistent effects.

Place, publisher, year, edition, pages
2010. Vol. 17, no 6, 543-546 p.
Keyword [en]
Alcohol, Trade, Sweden, Economics
National Category
Economics
Research subject
SAB, Qa Economics and finance
Identifiers
URN: urn:nbn:se:vti:diva-6628DOI: 10.1080/13504850802167215ISI: 000277438100005OAI: oai:DiVA.org:vti-6628DiVA: diva2:687373
Available from: 2014-01-14 Created: 2014-01-14 Last updated: 2016-09-01Bibliographically approved

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Krüger, Niclas A
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CiteExportLink to record
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Citation style
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