This diploma thesis investigates the relationship between the business cycle and the alcohol consumption by using aggregate data for Czech Republic and constituent regions of Czech Republic in the period 1994-2011. The key question of this study is whether alcohol consumption is pro-cyclical or counter-cyclical. This question was asked in many works (Ruhm, Black, 2002). Unlike American studies, in which alcohol consumption is pro-cyclical, my study shows that the decrease of economic conditions has resulted in increased alcohol consumption in society and therefore indicates to me counter-cyclical. I also found that the divorce has a positive effect on alcohol consumption, while the real price has a negative effect.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:163942 |
| Date | January 2012 |
| Creators | Čihák, Jakub |
| Contributors | Běláčková, Vendula, Hřebík, Tomáš |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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