Abstract
China's admission in the WTO and commitment to cut tariffs on alcohol related goods provide a considerable opportunity for the USA, Europe and other countries. The present study examines Chinese consumer behaviour with regard to alcoholic beverages (wine, wine cooler and beer) using a Chinese household survey data. The results show that beer and wine cooler are normal goods while wine is still a luxury good in China. The price elasticities of wine and wine cooler are larger than that of beer.
Original language | English |
---|---|
Pages (from-to) | 975-979 |
Number of pages | 5 |
Journal | Applied Economics Letters |
Volume | 13 |
Issue number | 15 |
DOIs | |
State | Published - Dec 15 2006 |