Consumption and Capital Mobility in the Nordic Countries

Sara Lindberg
Additional contact information
Sara Lindberg: Department of Economics, Postal: Uppsala University, P.O. Box 513, SE-751 20 Uppsala, Sweden

No 1999:6, Working Paper Series from Uppsala University, Department of Economics

Abstract: 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.

Keywords: Consumer behavior; international capital mobility; financial deregulation (search for similar items in EconPapers)
JEL-codes: E21 F36 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1999-03-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.nek.uu.se/pdf/1999wp6.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.nek.uu.se/pdf/1999wp6.pdf [301 Moved Permanently]--> https://www.nek.uu.se/pdf/1999wp6.pdf [301 Moved Permanently]--> https://www.uu.se/institution/nationalekonomiska/pdf/1999wp6.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:uunewp:1999_006

Access Statistics for this paper

More papers in Working Paper Series from Uppsala University, Department of Economics Department of Economics, Uppsala University, P. O. Box 513, SE-751 20 Uppsala, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Ulrika Öjdeby ().