Title

Gradual switching regression estimates of alcohol demand elasticities

Authors

Authors

C. A. Gallet

Comments

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Abbreviated Journal Title

Appl. Econ. Lett.

Keywords

Economics

Abstract

Given that alcohol remains a heavily taxed goad, studies of the demand for alcohol are numerous in the literature. This paper uses annual data from 1964-92 to estimate key elasticities of the US demand for distilled spirits. Unlike previous studies, which typically assume elasticities are constant over time, we allow elasticities to vary over time by estimating a gradual switching regression model. The results indicate that the demand for distilled spirits today differs substantially from the 1960s, suggesting that the efficacy of proposed policies is dependent on knowledge of this change in demand.

Journal Title

Applied Economics Letters

Volume

6

Issue/Number

6

Publication Date

1-1-1999

Document Type

Article

DOI Link

http://dx.doi.org/10.1080/135048599353122

Language

English

First Page

377

Last Page

379

WOS Identifier

WOS:000081549600011

ISSN

1350-4851

Recommended Citation

"Gradual switching regression estimates of alcohol demand elasticities" (1999). Faculty Bibliography 1990s. 2633.
https://stars.library.ucf.edu/facultybib1990/2633