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Short-run and long-run relationships in the consumption of alcohol in the Scandinavian countries

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Author Info

  • Bentzen, Jan

    ()
    (Department of Economics, Aarhus School of Business)

  • Smith, Valdemar

    ()
    (Department of Economics, Aarhus School of Business)

Abstract

Traditionally, the Scandinavian countries have been characterized as spirits and beer consuming countries and a century ago the historical background was decades of relatively heavy drinking behaviour with spirit as the preferred beverage. Therefore, it might be expected that alcohol consumption – especially in the last part of the 19th century and the beginning of the 20th century – would behave in a counter-cyclical manner, i.e. heavy drinking during severe recessions characterized by harsh economic conditions. Using long-run time series data for alcohol consumption levels in the Scandinavian countries the question of a counter-cyclical or pro-cyclical behaviour is addressed – with the business cycle measured as the GDP – and the empirical findings are that generally, alcohol consumption behaves in a pro-cyclical manner in the short run, and with no long-run relationship concerning real income.

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Bibliographic Info

Paper provided by University of Aarhus, Aarhus School of Business, Department of Economics in its series Working Papers with number 04-14.

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Length: 22 pages
Date of creation: 10 Dec 2004
Date of revision:
Handle: RePEc:hhs:aareco:2004_014

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Postal: The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark
Phone: +45 89 486396
Fax: +45 8615 5175
Web page: http://www.asb.dk/departments/nat.aspx
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Related research

Keywords: Alcohol consumption; Business cycles; Scandinavia;

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  1. Enders, Walter & Siklos, Pierre L, 2001. "Cointegration and Threshold Adjustment," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(2), pages 166-76, April.
  2. Enders, Walter & Granger, C. W. J., 1998. "Unit Root Tests and Asymmetric Adjustment with an Example Using the Term Structure of Interest Rates," Staff General Research Papers 1388, Iowa State University, Department of Economics.
  3. Walter Enders, 2001. "Improved critical values for the Enders-Granger unit-root test," Applied Economics Letters, Taylor & Francis Journals, vol. 8(4), pages 257-261.
  4. Bentzen, J. & Smith, V. & Nannerup, N., 1997. "Alcohol Consumption and Drunken Driving in the Scandinavian Countries," Papers 97-1, Aarhus School of Business - Department of Economics.
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