Seasonal U.S. beer demand: socio-economic determinants and relation with other products |
| |
| Authors: | Rajeev K Goel James W Saunoris |
| |
| Institution: | 1. Department of Economics, Illinois State University, Normal, IL, U.S.A;2. Kiel Institute for the World Economy, Kiel, Germany;3. Department of Economics, Eastern Michigan University, Ypsilanti, MI, U.S.A |
| |
| Abstract: | This article employs quarterly U.S. state-level data from 2009 to 2015 to estimate the demand for beer. Other contributions of this work involve the incorporation of demographic factors and wine prices. Results show beer demand to be inelastic, and beer and wine to be substitutes. Further, males, whites, and blacks were, ceteris paribus, likely to have greater beer demand. The income effects, however, were mixed, showing some support for beer being a normal good. |
| |
| Keywords: | Beer demand demographic effects economic prosperity elasticity wine |
|
|
