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A System-wide analysis of Korean urban households' alcoholic demand  

김원년 (고려대학교 경상대학 경제학과)
Publication Information
Korea journal of population studies / v.25, no.2, 2002 , pp. 271-291 More about this Journal
Abstract
According to a system-wide analysis utilizing the raw data of Korean urban households survey, the expenditure elasticity estimate of alcoholic demand is around 0.71, which implies the demand for alcoholic consumption is relatively necessary The own price elasticity estimates are pretty elastic between -1.79 and 2.10. The trend of price elasticity estimates shows to be more elastic recently from the past.
Keywords
Urban households' Alcoholic expenditure; Demand system; Expenditure elasticity; Uncompensated and compensated own price elasticities; Cross price elasticities;
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