Krüger, Niclas A () (Department of Business, Economics, Statistics and Informatics) Svensson, Mikael () (Department of Business, Economics, Statistics and Informatics)
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This 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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Paper provided by Örebro University, Swedish Business School 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. Handle: RePEc:hhs:oruesi:2008_002
Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles I12 - Health, Education, and Welfare - - Health - - - Health Production
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