Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand
Abstract
Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya.
Excessive consumption of alcohol is linked with the various adverse health consequences, including liver diseases, cancer, kidney failure, cardiac problems, and digestive problems. It also results impulsive death, increases the cost of health care, increases crime rates, lowers the productivity of individuals, decreases output, reduces the possibility of earning and increases unemployment rate Therefore, present study aims to investigate the impact of excessive alcohol consumption on the economic cost of the nation. The study uses three proxies of economic cost, including health care cost, productivity cost and the cost of crimes. The study collected the data from the national data bases of Thailand. The study applies ordinary least square regression for the empirical estimation of results. Results of the study show positive impact of excessive consumption of alcohol on economic cost; health care cost, productivity cost and the cost of crimes. The study concluded that the excessive consumption of alcohol adversely affects the economy of Thailand. Therefore, it is suggested that government should take strict action against the excessive use of alcohol consumption in order to control the economic cost.
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| Pubmed Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. SRP. 2020; 11(4): 88-93. doi:10.31838/srp.2020.4.15 Web Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. http://www.sysrevpharm.org/?mno=98606 [Access: March 28, 2021]. doi:10.31838/srp.2020.4.15 AMA (American Medical Association) Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. SRP. 2020; 11(4): 88-93. doi:10.31838/srp.2020.4.15 Vancouver/ICMJE Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. SRP. (2020), [cited March 28, 2021]; 11(4): 88-93. doi:10.31838/srp.2020.4.15 Harvard Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya (2020) Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. SRP, 11 (4), 88-93. doi:10.31838/srp.2020.4.15 Turabian Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. 2020. Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. Systematic Reviews in Pharmacy, 11 (4), 88-93. doi:10.31838/srp.2020.4.15 Chicago Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. "Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand." Systematic Reviews in Pharmacy 11 (2020), 88-93. doi:10.31838/srp.2020.4.15 MLA (The Modern Language Association) Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya. "Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand." Systematic Reviews in Pharmacy 11.4 (2020), 88-93. Print. doi:10.31838/srp.2020.4.15 APA (American Psychological Association) Style Supattra Pranee, Jongdee Phusalux, Watchrin Sangma, Naiyana Wongjunya (2020) Does Excessive Alcohol Consumption Increase Economic Cost? An Investigation from Thailand. Systematic Reviews in Pharmacy, 11 (4), 88-93. doi:10.31838/srp.2020.4.15 |
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