The structural differences and the dynamics in prices on the second-hand market for family houses in large(Stockholm, Gothenburg and Malmo), medium-sized, small and industrial cities and sparsely populated areas are analysed in this paper. The basic house price data set used in the analysis...

The behaviour of Swedish stock returns over short and long run horizons is analysed. Using monthly data from 1919 to 1995 and, weekly and daily data for the 1980s and first part of the 1990s we hardly found any evidence of long run depend-ence. Using three different tests that are robust to...

This paper focuses on an empirical analysis of the dependency between age structure and aggregate consumption and the composition of aggregate savings. In a long-run consumption function of life cycle type, different demographic variables have a conclusive, statistically significant effect. In...

The purpose of this paper is to estimate constant quality price trends and analysing factors determining market prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. We use high quality data for housing and municipality attributes and our database consists of almost 8500...

We argue that major changes in economic policy have resulted in a more market driven demand for housing investment in Sweden as a result of changes in policy during the end of the 1980s and beginning of the 1990s. The used investment theory is Tobin’s transparent Q theory. Our results...

The paper discusses the development of savings and household debt in the Nordic countries during the last two decades. The main conclusion is that the timing of political reforms in the 1980s and 1990s was fundamental for the development of consumption and household savings. In general,...

The structural differences and the dynamics in prices on the second-hand market for family houses in large (Stockholm, Gothenburg and Malmö), medium-sized, small and industrial cities and sparsely populated areas are analysed in this paper. The basic house price data set used in the analysis...

The econometric test in this paper indicates that standard property and municipality attributes are important determinants of sales prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. I also employ spatial econometric techniques and find that spatial specified regressions...

According to a growing number of critics, the process of financial liberalization in the 1980s is to blame for the volatile macroeconomic development in a number of countries, including the United Kingdom and the Nordic countries. The authors examine how financial deregulation affected one...

The effects of using wealth disaggregated as housing and net financial wealth are investigated in an error-correction function model. Data for Sweden 1970-92 are used in the analysis. Unit root tests indicate that consumption, income, and wealth are all integrated of order one and that the...