Article: The Causal Relationship between Socioeconomic Factors and Alcohol Consumption: A Granger-Causality Time Series Analysis, 1950-1993(*).(Statistical Data Included)

ALCOHOL RESEARCHERS have addressed the specific relationship between economic factors and alcohol consumption in several recent publications (French and Zarkin, 1995; Heien, 1996a,b; Miron, 1997). In general, the conclusion reached in these studies is that increased income leads to an increase in alcohol consumption and price increases lead to decreases in consumption, which is consistent with prior studies (e.g., Bigelow and Liebson, 1972; Bryant et al., 1992, 1993, 1996, 1997; Cook and Tauchen, 1982; Ornstein and Levy, 1983; Treno et al., 1993), or that increased alcohol consumption increases income (Hamilton and Hamilton, 1997). The conventional wisdom, at least among ...

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