The extensive empirical literature on the validity of Gibrat’s law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age. However, some studies find that Gibrat’s law holds for sub-samples of firms such as large firms...

Two decades have passed now since the oil price shocks of the 1970s and since then <p> energy prices have - apart from short periods of price instability - evolved relatively <p> smoothly in the industrialized countries. Energy taxes in many countries differ <p> markedly thereby causing differences in...</p></p></p>

The question whether intake of alcohol is associated with liver cirrhosis mortality is analyzed using aggregate data for alcohol consumption, alcohol related diseases and alcohol policies of 16 European countries. The empirical analysis gives support to a close association between cirrhosis...

Using regional income data covering the time period since the early 1970s for all regions of <p> the Scandinavian countries the often addressed topic of income convergence is tested. The <p> empirical part of the paper applies different tests of convergence which are usually appearing <p> in connection...</p></p></p>

Auctions of selected wines have regularly taken place internationally and from natural reasons they <p> have mostly involved the finest wines as e.g. the top wines from Bordeaux. In order to analyse <p> specific auction wine prices, the Mouton Rothschild (Medoc Premier Cru Classé) has been selected <p>...</p></p></p>

Using high-frequency data the co-movements among crude oil prices are analysed in order to address the question of regionalization of the world crude oil market. Time-series econometrics in the form of error-correction modelling is applied for daily crude oil price data covering the time period...

This absorbing book examines the period of massive structural adjustment taking place in the wine industry. For many centuries wine was very much a European product. While that is still the case today – three-quarters of world wine production, consumption and trade involve Europe and most of...

The public opinion in the US turned against France and to some extent Germany for not supporting the armed intervention in Iraq. From early 2003 a boycott of French goods, especially wines, by American consumers became an issue which affected sales of French wines in the US. This paper analyses...

Empirical evidence gives support to a close association between liver cirrhosis mortality and the intake of alcohol. The present analysis draws on a panel data set for sixteen European countries from 1970–2006 where both alcohol consumption and liver cirrhosis seem best described as...