Economic determinants of wine consumption in Thailand
by Jordan French
International Journal of Economics and Business Research (IJEBR), Vol. 12, No. 4, 2016

Abstract: The focus of the study is economic (income), substitution and price effects. To limit effects in sociodemographic changes, the data spans the recent period of 2007 to 2014. The study finds using correlations and regressions to obtain the elasticities, that local wine is an inferior good, imported wine is a luxury good, imported wine and beer are substitutes, demand for local wine is fairly price sensitive (elastic), and demand for imported wine is not sensitive to price increases (inelastic). The research also analyses policy implications based on the elasticities for reducing alcohol consumption, switching consumers between wine and beer for health reasons, increasing government revenues and protecting local wineries. This study finds that the current tariff system on imported wines does not help local producers but is intended for interests in the beer industry and/or a source of government revenue.

Online publication date: Thu, 29-Dec-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Business Research (IJEBR):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com