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Good times are drinking times: empirical evidence on business cycles and alcohol sales in Sweden 1861-2000
Örebro University, Swedish Business School at Örebro University. (Nationalekonomi)
Örebro University, Swedish Business School at Örebro University. Karlstad Univ, Dept Hlth & Environm Sci, Karlstad, Sweden. (Nationalekonomi)ORCID iD: 0000-0003-1113-7478
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
Oxfordshire: United Kingdom: Routledge, 2010. Vol. 17, no 6, 543-546 p.
National Category
Social Sciences Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-7806DOI: 10.1080/13504850802167215ISI: 000277438100005Scopus ID: 2-s2.0-77951077693OAI: oai:DiVA.org:oru-7806DiVA: diva2:233817
Available from: 2009-09-02 Created: 2009-09-02 Last updated: 2017-12-13Bibliographically approved

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Krüger, Niclas A.Svensson, Mikael

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