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Does a Recession have an Impact on Alcohol Consumption?

Deakin Papers on International Business Economics

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Field Value
 
Title Does a Recession have an Impact on Alcohol Consumption?
 
Creator Dziadkiewicz, Johanna
Pisani, Alexia
Wong, Rebecca
 
Description The hypothesis of this paper is alcohol consumption will decrease when a country experiences a recession. We have used data covering the yearly consumption (in litres per capita) of alcohol from the World Health Organization (2015), combined with yearly & quarterly GDP data from the OECD website (2015) to firstly identify years where there have been more than 2 periods of negative growth (recession), and to compare these data sets to see if any relationship exists.We have used correlation analysis between the financial data and the consumption data, as well as scatter graphs to see if there is a high correlation (0.7) or a trend, for 3 countries that have experienced a recession over the last 15 years (US, Finland & Greece). What we found is that some types of alcohol did appear to show both positive and negative relationships to GDP or recession but this relationship differed between countries. There are other factors that must be considered including cultural relationship to alcohol in different locations, as well as any government or social programs.
 
Publisher Deakin University
 
Contributor —
 
Date 2015-12-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://ojs.deakin.edu.au/index.php/dpibe/article/view/508
10.21153/dpibe2015vol8no1art508
 
Source Deakin Papers on International Business Economics; Vol 8 (2015)
2206-4060
 
Language eng
 
Relation https://ojs.deakin.edu.au/index.php/dpibe/article/view/508/516