Home > Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland.

Easkins, John M and Gallagher, Liam A (2003) Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland. Applied Economics , 35 , (9) , pp. 1025-1036.

[img]
Preview
PDF (Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland.) - Accepted Version
194kB

This paper presents a dynamic form of the Almost Ideal Demand System (AIDS). Three versions of the static AIDS model are employed to determine the preferred long-run equilibrium model and represents the short-run dynamics by an error correction mechanism. This estimation procedure is then applied to alcohol expenditure in Ireland. The estimated point elasticities are consistent with previous studies and a priori expectations. Beer and spirits are found to be price inelastic in both the short and long run. While wine is price inelastic in the short run and price elastic in the long run.

 

Item Type:Article
Date:2003
Page Range:pp. 1025-1036
Publisher:Taylor & Francis
Volume:35
Number:9
Keywords:alcoholic beverage price, Ireland, price elasticity of demand
Notes:Note: This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Applied Economics following peer review. The definitive publisher-authenticated version [Easkins, John M and Gallagher, Liam A (2003) Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland. Applied Economics, 35(9), 1025-1036] is available online at http://www.informaworld.com/smpp/content~db=all~content=a713759349~tab=citations. Please use the following citation: Easkins, John M and Gallagher, Liam A (2003) Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland, (Author postprint) in Applied Economics, 35(9),. 1025-1036, [Accessed: (date) from http://www.hrb.ie/ndc]
EndNote:View
Accession Number:HRB 4054 (Electronic Only)
Related URLs:
Subjects:VA Geographic area > Europe > Ireland
A Drugs and alcohol use, abuse, and dependence > Prevalence of drugs and alcohol use > Drugs and alcohol use behaviour > Alcohol consumption
L Social psychology and related concepts > Economic availability or accessibility
MP-MR Policy, planning, economics, work and social services > Economic aspects of drugs and alcohol (cost / pricing)

Click here to request a copy of this literature (must be logged in)

Repository Staff Only: item control page