Consumption and Capital Mobility in the Nordic Countries

Arbeitspapier

I use a consumption-based test to examine the importance of income constraints and the degree of capital mobility across the Nordic countries over the period 1968-96. In particular, I explore the effects of financial deregulation of the 1980s. The estimating equation is derived along the lines of Bayoumi and MacDonald (1995). The results indicate that Nordic financial markets are highly integrated, but that the consumption behavior of a significant part of the Nordic population is constrained by income. There is no evidence that financial deregulation altered the consumption behavior of households or increased the degree of capital mobility across countries.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 1999:6

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; Financial Aspects of Economic Integration
• Subject: Consumer behavior ; international capital mobility ; financial deregulation ; Finanzmarktregulierung ; Kapitalmobilität ; Konsumentenverhalten ; Konsum ; Nordeuropa

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lindberg, Sara
• Event: Veröffentlichung
• (who): Uppsala University, Department of Economics
• (where): Uppsala
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/82923
• URN: urn:nbn:se:uu:diva-2445