The Relationship between Macroeconomic Condition and Alcohol Demand

• Main Authors: Chiao-Yu Hu, 胡喬昱
• Other Authors: Yi-Chen Lin
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/83576756884032448801

碩士 === 淡江大學 === 經濟學系碩士班 === 104 === This paper uses data on the consumption of spirits, wine, and beer from a panel of 252 countries from the period 1960-2013 to study the relationship between macroeconomic variables and alcohol consumption. The results obtained using quantile regression indicate that positively correlated with unemployment rate, inflation rate, corruption, average years of schooling, the level of GDP per capita, and working time are positively correlated with alcohol consumption at certain levels, whereas economic growth is negatively correlated with alcohol consumption. The quantile levels at which these variables are significant differs across types of alcoholic beverages. Results obtained using dynamic panel data models indicate that alcohol consumption is positively correlated with lagged level of alcohol consumption, confirming the presence of alcohol addition.