The sale of alcohol in Denmark: recent developments and dependencies on prices/taxes
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The sale of alcohol in Denmark : recent developments and dependencies on prices/taxes. / laCour, Lisbeth; Milhøj, Anders.
In: Applied Economics, Vol. 41, No. 9, 2009, p. 1089-1103.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - The sale of alcohol in Denmark
T2 - recent developments and dependencies on prices/taxes
AU - laCour, Lisbeth
AU - Milhøj, Anders
PY - 2009
Y1 - 2009
N2 - How do prices affect the choice of types of alcohol in Denmark? We study the Danish sale of alcoholic beverages in a time series framework. First, we look at annual data from 1980 investigating the hypothesis of a fairly stable level of sales. We conclude stationarity of sales and we also find that the income elasticity of total sales has been zero. Second, we analyse the composition of the alcohol sale between beer, wine and spirits in a multivariate model conditional on the development in prices. For this analysis we use Johansen cointegration techniques. Again we test that income can be omitted from the model and we use the model to derive the effects on the composition of alcohol sales of three different sets of changesin the alcohol taxation.
AB - How do prices affect the choice of types of alcohol in Denmark? We study the Danish sale of alcoholic beverages in a time series framework. First, we look at annual data from 1980 investigating the hypothesis of a fairly stable level of sales. We conclude stationarity of sales and we also find that the income elasticity of total sales has been zero. Second, we analyse the composition of the alcohol sale between beer, wine and spirits in a multivariate model conditional on the development in prices. For this analysis we use Johansen cointegration techniques. Again we test that income can be omitted from the model and we use the model to derive the effects on the composition of alcohol sales of three different sets of changesin the alcohol taxation.
U2 - 10.1080/00036840601019174
DO - 10.1080/00036840601019174
M3 - Journal article
VL - 41
SP - 1089
EP - 1103
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 9
ER -
ID: 11759041