Good times are drinking times : empirical evidence on business cycles and alcohol sales in Sweden 1861-2000

• 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.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Keyword

SOCIAL SCIENCES

SAMHÄLLSVETENSKAP

Economics

Nationalekonomi

Economics

Nationalekonomi

Alcohol

Qa Economics and finance

Economics

Publication and Content Type

ref (subject category)

art (subject category)