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...

Persistence in corporate performance is analyzed in the framework of empirical tests of unit root behavior concerning firm profits. Data for firm-specific rates of return is applied in a set of panel unit root tests to address the question of persistence in profits both at firm level and for the...

Empirical evidence gives strong support to a close association between liver cirrhosis mortality and the intake of alcohol and most often a log-linear relationship is assumed in the econometric modeling. The present analysis investigates for unit roots in a panel data set for sixteen European...

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...

By the end of the former century there were less than 10 commercial vintners producing wine in Denmark. There was widespread acceptance of the view that commercial production of wine in the most northern parts of Europe was impossible. However, the number of commercial wine growers in Denmark...

This paper analyses the retail prices of champagnes sold in the Scandinavian countries. Price data for the champagnes contain nearly 380 observations including a range of quality attributes of each champagne. The empirical part of the analysis reveals that the retail prices of champagne can be...

This paper deals with an empirical analysis of international trade data from EUROSTAT where the export of red wine from France, Italy and Spain - to Belgium, Denmark, Japan, The Netherlands, UK and USA - is investigated. Using monthly data from 1993:1 to 1998:12, trade flows, measured in...

Traditionally, the Scandinavian countries have been characterized as spirits and beer consuming countries and a century ago the historical background was decades of relatively heavy drinking behaviour with spirit as the preferred beverage. Therefore, it might be expected that alcohol consumption...

The development in the 1960s of the divorce rate is strikingly similar for the USA and Denmark where the rate in both cases increases very fast from 1967-68 until the mid 1970s. Using time series data for the USA and Denmark the relationship between the divorce rate and genderspecific labor...