Short-run and long-run relationships in the consumption of alcohol in the Scandinavian countries
AbstractTraditionally, 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 InfoPaper provided by University of Aarhus, Aarhus School of Business, Department of Economics in its series Working Papers with number 04-14.
Length: 22 pages
Date of creation: 10 Dec 2004
Date of revision:
Contact details of provider:
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
More information through EDIRC
Alcohol consumption; Business cycles; Scandinavia;
Find related papers by JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-12-20 (All new papers)
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