Good Times Are Drinking Times: Empirical Evidence on Business Cycles an Alcohol Sales in Sweden 1861-2000
AbstractThis paper 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 non-stationary behavior, i.e. a shock in alcohol sales has persistent effects
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Bibliographic InfoPaper provided by Örebro University, School of Business in its series Working Papers with number 2008:2.
Length: 15 pages
Date of creation: 08 May 2008
Date of revision:
Publication status: Forthcoming in Applied Economics Letters.
Contact details of provider:
Postal: Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden
Phone: 019-30 30 00
Fax: 019-33 25 46
Web page: http://www.oru.se/Institutioner/Handelshogskolan-vid-Orebro-universitet/
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Other versions of this item:
- Niclas Kruger & Mikael Svensson, 2010. "Good times are drinking times: empirical evidence on business cycles and alcohol sales in Sweden 1861-2000," Applied Economics Letters, Taylor & Francis Journals, vol. 17(6), pages 543-546.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- I12 - Health, Education, and Welfare - - Health - - - Health Production
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-17 (All new papers)
- NEP-CBE-2008-05-17 (Cognitive & Behavioural Economics)
- NEP-HEA-2008-05-17 (Health Economics)
- NEP-MAC-2008-05-17 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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