Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82923
Authors: 
Lindberg, Sara
Year of Publication: 
1999
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 1999:6
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.
Subjects: 
Consumer behavior
international capital mobility
financial deregulation
JEL: 
E21
F36
Document Type: 
Working Paper

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