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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 1999:6

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lindberg, Sara
• Ereignis: Veröffentlichung
• (wer): Uppsala University, Department of Economics
• (wo): Uppsala
• (wann): 1999

Weitere Informationen

• Handle: http://hdl.handle.net/10419/82923
• URN: urn:nbn:se:uu:diva-2445
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ