Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Economic Papers: A journal of applied economics and policy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.