IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v60y2014i2id114-2013-agricecon.html
   My bibliography  Save this article

Wine consumption in the Czech Republic and the prices of alcohol

Author

Listed:
  • Pavel SYROVÁTKA

    (Department of Economics, Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

  • Helena CHLÁDKOVÁ

    (Department of Management, Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

  • Pavel ŽUFAN

    (Department of Management, Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

Abstract

Consumption of wine in the Czech Republic has a growing tendency, representing 15.4 litres per capita in 1995 and 20.0 litres per capita in 2012. The goal of this paper is an analysis of the development of consumer demand for wine in the Czech Republic based on the estimation of elasticity coefficients derived from the constructed dynamic model. The overall development in the period 1948-2012 is demonstrated through the linear trend: QCWT = -340.77 + 0.1788×T + uT. The growing consumption of wine was examined in relation to the development of the prices of wine, beer, and rum in the period 1991-2012. The achieved negative values of the own price elasticity coefficients (ranging from -0.2957 to -0.1624) suggest, that there worked normal price reactions. Cross price elasticity coefficients of the gross demand for wine showed complementarity between the consumption of wine and beer or wine and rum. The cross price elasticity of the gross demand for wine related to the price of 10° beer was -0.2757 in average, and -0.2074 in the case of rum.

Suggested Citation

  • Pavel SYROVÁTKA & Helena CHLÁDKOVÁ & Pavel ŽUFAN, 2014. "Wine consumption in the Czech Republic and the prices of alcohol," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 60(2), pages 89-98.
    • Handle: RePEc:caa:jnlage:v:60:y:2014:i:2:id:114-2013-agricecon
    DOI: 10.17221/114/2013-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/114/2013-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/114/2013-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/114/2013-AGRICECON?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:caa:jnlage:v:60:y:2014:i:2:id:114-2013-agricecon. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.