Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks.
This paper analyses the degree of persistence in the level of consumption of alcohol in the Group of Seven (G7) countries by using fractional integration. The series under examination are annual sales of pure alcohol in litres per person aged 15 years and older, annually from 1960 to 2021, and we lo...
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2024-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0314877 |
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| author | Luis Alberiko Gil-Alana Gema Lopez María Hernández-Herrera |
| author_facet | Luis Alberiko Gil-Alana Gema Lopez María Hernández-Herrera |
| author_sort | Luis Alberiko Gil-Alana |
| collection | DOAJ |
| description | This paper analyses the degree of persistence in the level of consumption of alcohol in the Group of Seven (G7) countries by using fractional integration. The series under examination are annual sales of pure alcohol in litres per person aged 15 years and older, annually from 1960 to 2021, and we look at the influence that external shocks might have had on the series in these countries. The results indicate that only France displays a significant negative trend and thus a continuous decrease in the level of alcohol consumption. For the rest of the countries, the time trend is insignificant. Dealing with persistence, Japan is the only country that shows clear evidence of reversion to the mean. Policy recommendations are reported at the end of the manuscript. |
| format | Article |
| id | doaj-art-274e95ed949043ec8fa7871a2234a4db |
| institution | OA Journals |
| issn | 1932-6203 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-274e95ed949043ec8fa7871a2234a4db2025-08-20T02:21:52ZengPublic Library of Science (PLoS)PLoS ONE1932-62032024-01-011912e031487710.1371/journal.pone.0314877Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks.Luis Alberiko Gil-AlanaGema LopezMaría Hernández-HerreraThis paper analyses the degree of persistence in the level of consumption of alcohol in the Group of Seven (G7) countries by using fractional integration. The series under examination are annual sales of pure alcohol in litres per person aged 15 years and older, annually from 1960 to 2021, and we look at the influence that external shocks might have had on the series in these countries. The results indicate that only France displays a significant negative trend and thus a continuous decrease in the level of alcohol consumption. For the rest of the countries, the time trend is insignificant. Dealing with persistence, Japan is the only country that shows clear evidence of reversion to the mean. Policy recommendations are reported at the end of the manuscript.https://doi.org/10.1371/journal.pone.0314877 |
| spellingShingle | Luis Alberiko Gil-Alana Gema Lopez María Hernández-Herrera Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. PLoS ONE |
| title | Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. |
| title_full | Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. |
| title_fullStr | Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. |
| title_full_unstemmed | Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. |
| title_short | Alcohol consumption in the G7 countries (1960-2021). Permanent versus transitory shocks. |
| title_sort | alcohol consumption in the g7 countries 1960 2021 permanent versus transitory shocks |
| url | https://doi.org/10.1371/journal.pone.0314877 |
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