{"title":"The Global Demand for Alcoholic Beverages, 2010–2015: Price and Expenditure Elasticities","authors":"Anthony Macedo, Sofia Gouveia, J. Rebelo","doi":"10.1080/08974438.2020.1812463","DOIUrl":null,"url":null,"abstract":"Abstract This paper analyses the demand for the alcoholic beverages. Taking a worldwide sample of forty-four countries and data from 2010 to 2015, own-price, cross-price, income, and expenditure elasticities are computed from the estimation of a single equation and the almost ideal demand system (AIDS), using the seemingly unrelated regression estimation (SURE) approach. Based on the elasticities’ estimations, the findings show that for wine, beer, and spirits consumption increases proportionally with total expenditure on alcoholic beverages (and income). Regarding their own price, the demand for the three beverages present a negative and inelastic behavior. Moreover, beer and spirits are imperfect substitutes of wine and vice-versa, while beer and spirits are complements.","PeriodicalId":35464,"journal":{"name":"Journal of International Food and Agribusiness Marketing","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/08974438.2020.1812463","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Food and Agribusiness Marketing","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/08974438.2020.1812463","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 3
Abstract
Abstract This paper analyses the demand for the alcoholic beverages. Taking a worldwide sample of forty-four countries and data from 2010 to 2015, own-price, cross-price, income, and expenditure elasticities are computed from the estimation of a single equation and the almost ideal demand system (AIDS), using the seemingly unrelated regression estimation (SURE) approach. Based on the elasticities’ estimations, the findings show that for wine, beer, and spirits consumption increases proportionally with total expenditure on alcoholic beverages (and income). Regarding their own price, the demand for the three beverages present a negative and inelastic behavior. Moreover, beer and spirits are imperfect substitutes of wine and vice-versa, while beer and spirits are complements.
期刊介绍：
The Journal of International Food & Agribusiness Marketing is a timely journal that serves as a forum for the exchange and dissemination of food and agribusiness marketing knowledge and experiences on an international scale. Designed to study the characteristics and workings of food and agribusiness marketing systems around the world, the journal critically examines marketing issues in the total food business chain prevailing in different parts of the globe by using a systems and cross-cultural/national approach to explain the many facets of food marketing in a range of socioeconomic and political systems.
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