{"id":53011,"date":"2023-12-01T18:03:02","date_gmt":"2023-12-01T17:03:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/price-elasticities-and-implied-tax-revenue-for-alcoholic-beverages-evidence-from-poland-france-and-spain\/"},"modified":"2024-11-19T10:21:50","modified_gmt":"2024-11-19T09:21:50","slug":"price-elasticities-and-implied-tax-revenue-for-alcoholic-beverages-evidence-from-poland-france-and-spain","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/53011\/","title":{"rendered":"Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. Evidence from Poland, France and Spain"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-53011","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The study estimates the tax revenue effects of changes in alcohol excise taxes for Spain, France and Poland. In addition to excise tax and VAT revenue effects, the price pass-through and the impact on market volumes is estimated. The main parameters \u2013 the tax pass-through rate of excise duties to consumer prices and the price elasticities of demand for alcoholic beverages \u2013 are estimated via state-of-the-art econometric approaches based a combination of household-levels and macro data. In a first step, the literature survey finds very diverse estimates for price elasticities of alcoholic beverages. We find evidence that excise taxes are typically fully passed onto consumer prices. Using micro data at the household level, we find price elasticities of demand for Spain, France and Poland which are higher (in absolute terms) than those typically found in the literature. This implies that price increases lead to larger drops in sales volume and, thus, tax increases might not result in the expected additional tax revenues. A macro level estimation of the relation between excise tax rates and revenues confirms a Laffer-curve type relationship, i.e., tax revenues cease to increase if excise tax rates reach a certain threshold level. The empirical evidence in this study suggests that the tax rates for beer and wine are well below this revenue maximising saddle point, but the evidence is inconclusive for spirits in the countries in question. Using the simulation tool developed in this study, it is found that a 1 percent increase in the excise tax rates of each alcoholic beverage prevailing in 2017 in each of the countries will have the strongest negative effect on the market volumes of spirits, while for beer and wine these increases translate to by and large higher collected tax revenues. Noteworthily, in some scenarios excise tax increases result in decreases in VAT revenues due to a significant reduction in the higher value on-trade sales.","onlinedate":"2019-04-11 12:00:00","lang":"English","publication_series":"","publication_date":"20190401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"97","keywords":"[\"VAT\",\"alcoholic beverages\",\"excise taxation\",\"price elasticity\"]","jelcodes":"[\"D12\",\"H21\",\"H25\",\"L66\"]","related_publications":"[]","pdf":417215,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"579","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2019-04-11 12:00:00","types":[44410],"research_groups":[3500],"collaboration":"","persons":[13831,14623,13835,15485,3859,13833],"persons_data":"[{\"personId\":13831,\"personName\":\"Benjamin Bittschi\",\"organisationNames\":[]},{\"personId\":14623,\"personName\":\"Ines Fortin\",\"organisationNames\":[]},{\"personId\":13835,\"personName\":\"Sebastian Koch\",\"organisationNames\":[]},{\"personId\":15485,\"personName\":\"Richard Sellner\",\"organisationNames\":[]},{\"personId\":3859,\"personName\":\"Simon Loretz\",\"organisationNames\":[]},{\"personId\":13833,\"personName\":\"Gregor Zwirn\",\"organisationNames\":[]}]","clients":[10666],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\">Bittschi, B., Fortin, I., Koch, S., Sellner, R.<span>, Loretz, S.<\\\/span>, &amp; Zwirn, G. (2019). <span>Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. Evidence from Poland, France and Spain<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (579). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61732\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61732<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\">Bittschi B, Fortin I, Koch S, Sellner R<span>, Loretz S<\\\/span>, Zwirn G. <span class=\\\"title\\\"><span>Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. Evidence from Poland, France and Spain<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2019 Apr;(579).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{03c3248a8c3c495ab5af701585ee9fe5,<\\\/div><div>  title    = \\\"Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. Evidence from Poland, France and Spain\\\",<\\\/div><div>  abstract = \\\"The study estimates the tax revenue effects of changes in alcohol excise taxes for Spain, France and Poland. In addition to excise tax and VAT revenue effects, the price pass-through and the impact on market volumes is estimated. The main parameters \u2013 the tax pass-through rate of excise duties to consumer prices and the price elasticities of demand for alcoholic beverages \u2013 are estimated via state-of-the-art econometric approaches based a combination of household-levels and macro data. In a first step, the literature survey finds very diverse estimates for price elasticities of alcoholic beverages. We find evidence that excise taxes are typically fully passed onto consumer prices. Using micro data at the household level, we find price elasticities of demand for Spain, France and Poland which are higher (in absolute terms) than those typically found in the literature. This implies that price increases lead to larger drops in sales volume and, thus, tax increases might not result in the expected additional tax revenues. A macro level estimation of the relation between excise tax rates and revenues confirms a Laffer-curve type relationship, i.e., tax revenues cease to increase if excise tax rates reach a certain threshold level. The empirical evidence in this study suggests that the tax rates for beer and wine are well below this revenue maximising saddle point, but the evidence is inconclusive for spirits in the countries in question. Using the simulation tool developed in this study, it is found that a 1 percent increase in the excise tax rates of each alcoholic beverage prevailing in 2017 in each of the countries will have the strongest negative effect on the market volumes of spirits, while for beer and wine these increases translate to by and large higher collected tax revenues. Noteworthily, in some scenarios excise tax increases result in decreases in VAT revenues due to a significant reduction in the higher value on-trade sales.\\\",<\\\/div><div>  keywords = \\\"VAT, alcoholic beverages, excise taxation, price elasticity, VAT, alcoholic beverages, excise taxation, price elasticity\\\",<\\\/div><div>  author   = \\\"Benjamin Bittschi and Ines Fortin and Sebastian Koch and Richard Sellner and Simon Loretz and Gregor Zwirn\\\",<\\\/div><div>  note     = \\\"Price Elasticities and Implied Tax Revenue for Alcoholic Beverages\\\",<\\\/div><div>  year     = \\\"2019\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. Evidence from Poland, France and Spain<\\\/p><p>AU  - Bittschi, Benjamin<\\\/p><p>AU  - Fortin, Ines<\\\/p><p>AU  - Koch, Sebastian<\\\/p><p>AU  - Sellner, Richard<\\\/p><p>AU  - Loretz, Simon<\\\/p><p>AU  - Zwirn, Gregor<\\\/p><p>N1  - Price Elasticities and Implied Tax Revenue for Alcoholic Beverages<\\\/p><p>PY  - 2019\\\/4<\\\/p><p>Y1  - 2019\\\/4<\\\/p><p>N2  - The study estimates the tax revenue effects of changes in alcohol excise taxes for Spain, France and Poland. In addition to excise tax and VAT revenue effects, the price pass-through and the impact on market volumes is estimated. The main parameters \u2013 the tax pass-through rate of excise duties to consumer prices and the price elasticities of demand for alcoholic beverages \u2013 are estimated via state-of-the-art econometric approaches based a combination of household-levels and macro data. In a first step, the literature survey finds very diverse estimates for price elasticities of alcoholic beverages. We find evidence that excise taxes are typically fully passed onto consumer prices. Using micro data at the household level, we find price elasticities of demand for Spain, France and Poland which are higher (in absolute terms) than those typically found in the literature. This implies that price increases lead to larger drops in sales volume and, thus, tax increases might not result in the expected additional tax revenues. A macro level estimation of the relation between excise tax rates and revenues confirms a Laffer-curve type relationship, i.e., tax revenues cease to increase if excise tax rates reach a certain threshold level. The empirical evidence in this study suggests that the tax rates for beer and wine are well below this revenue maximising saddle point, but the evidence is inconclusive for spirits in the countries in question. Using the simulation tool developed in this study, it is found that a 1 percent increase in the excise tax rates of each alcoholic beverage prevailing in 2017 in each of the countries will have the strongest negative effect on the market volumes of spirits, while for beer and wine these increases translate to by and large higher collected tax revenues. Noteworthily, in some scenarios excise tax increases result in decreases in VAT revenues due to a significant reduction in the higher value on-trade sales.<\\\/p><p>AB  - The study estimates the tax revenue effects of changes in alcohol excise taxes for Spain, France and Poland. In addition to excise tax and VAT revenue effects, the price pass-through and the impact on market volumes is estimated. The main parameters \u2013 the tax pass-through rate of excise duties to consumer prices and the price elasticities of demand for alcoholic beverages \u2013 are estimated via state-of-the-art econometric approaches based a combination of household-levels and macro data. In a first step, the literature survey finds very diverse estimates for price elasticities of alcoholic beverages. We find evidence that excise taxes are typically fully passed onto consumer prices. Using micro data at the household level, we find price elasticities of demand for Spain, France and Poland which are higher (in absolute terms) than those typically found in the literature. This implies that price increases lead to larger drops in sales volume and, thus, tax increases might not result in the expected additional tax revenues. A macro level estimation of the relation between excise tax rates and revenues confirms a Laffer-curve type relationship, i.e., tax revenues cease to increase if excise tax rates reach a certain threshold level. The empirical evidence in this study suggests that the tax rates for beer and wine are well below this revenue maximising saddle point, but the evidence is inconclusive for spirits in the countries in question. Using the simulation tool developed in this study, it is found that a 1 percent increase in the excise tax rates of each alcoholic beverage prevailing in 2017 in each of the countries will have the strongest negative effect on the market volumes of spirits, while for beer and wine these increases translate to by and large higher collected tax revenues. 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Evidence from Poland, France and Spain - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/53011\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Elasticities and Implied Tax Revenue for Alcoholic Beverages. 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