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The Demand for Alcohol in Thailand
Author(s) -
Chonviharnpan Bird,
Lewis Phil
Publication year - 2015
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/1759-3441.12095
Subject(s) - alcohol consumption , economics , consumption (sociology) , sample (material) , alcohol , demographic economics , estimation , econometrics , environmental health , medicine , chemistry , sociology , management , chromatography , social science , biochemistry
The purpose of this paper is to examine the factors affecting the likelihood of consuming and the amount spent on alcoholic beverages in Thailand. Heckman's sample selection model is applied to data from the 2009 Socio‐Economic Survey of Thailand. Results suggest that household size, tenure and occupation have significant impacts on both the probability of alcohol consumption and spending levels. Income also plays a key role in explaining the amount spent on alcoholic beverages. Demand elasticities are calculated under the Extended Linear Expenditure System. Demand for alcoholic beverages is found to be inelastic for Thai drinkers.