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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. https://doi.org/10.1080/0003684032000066796.

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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
Publication Type
Irish-related, Open Access, Article
Drug Type
Alcohol
Intervention Type
Harm reduction
Date
2003
Identification #
https://doi.org/10.1080/0003684032000066796
Page Range
pp. 1025-1036
Publisher
Taylor & Francis
Volume
35
Number
9
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
Accession Number
HRB 4054 (Electronic Only)
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