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Household debt in Sweden an empirical investigation of the determinants of the debt increase from 1980-2009

Panic, Sanja LU (2010) NEKK01 20092
Department of Economics
Abstract
The Swedish household debt has been quite high and increasing for the past 30 years. In this thesis I tried to find the underlying reasons for the development in the long-run by using the Engle-Granger two-step model for co-integration but found that there was no co-integration between the household debt to disposable income ratio and the chosen variables. In the short-run analysis I de-trended all the variables and proceeded with an OLS regression and found that the debt to disposable income ratio was determined by all the variables but especially by debt to assets, the demographic variable and the real estate prices.
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author
Panic, Sanja LU
supervisor
organization
course
NEKK01 20092
year
type
M2 - Bachelor Degree
subject
keywords
Household debt, Sweden, Engle-Granger, Life-cycle hypothesis, co-integration
language
English
id
1693748
date added to LUP
2010-10-20 12:14:32
date last changed
2010-10-20 12:14:32
@misc{1693748,
  abstract     = {The Swedish household debt has been quite high and increasing for the past 30 years. In this thesis I tried to find the underlying reasons for the development in the long-run by using the Engle-Granger two-step model for co-integration but found that there was no co-integration between the household debt to disposable income ratio and the chosen variables. In the short-run analysis I de-trended all the variables and proceeded with an OLS regression and found that the debt to disposable income ratio was determined by all the variables but especially by debt to assets, the demographic variable and the real estate prices.},
  author       = {Panic, Sanja},
  keyword      = {Household debt,Sweden,Engle-Granger,Life-cycle hypothesis,co-integration},
  language     = {eng},
  note         = {Student Paper},
  title        = {Household debt in Sweden an empirical investigation of the determinants of the debt increase from 1980-2009},
  year         = {2010},
}