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KMID : 0915820110120020017
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Journal of Korean Alcohol Science
2011 Volume.12 No. 2 p.17 ~ p.27
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Time Series Econometric Analysis of Alcoholic Expenditure by Type of Households
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Cho Kwang-Hyun
Sohn Ae-Ree
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Abstract
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Objectives: This study examined the changes in alcohol beverage expenditure according to the type of household between the two periods (1990-2000 and 2000-2010).
Methods: The data was taken from the raw data of alcohol consumption expenditure from 1990 to 2010 provided by Korea National Statistical Office. A t-test and regression analysis were performed using the SAS program.
Results: The consumption expenditure elasticity and cross elasticity increased in the order of other households, all households, and salary and wage earners households. The consumption expenditure and alcohol expenditure increased gradually from 1990-2000 to 2000-2010, whereas tobacco expenditure decreased from 2000 to 2010. The consumption expenditure elasticity and cross elasticity in salary and wage earners households were higher than those of all households and other households. The consumption expenditure elasticity appears to be normal goods, and alcohol and tobacco are complementary goods.
Conclusion: The consumption of alcohol increased during the period, 2000-2010. Therefore, alcohol policy and intervention programs are needed to decrease the consumption of alcohol.
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KEYWORD
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household types, expenditure elasticity, price elasticity, cross elasticity, normal goods, complementary goods
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