INTRODUCTION: Research on the effects of the COVID-19 pandemic on alcohol sales and per capita consumption show mixed findings. The present study of alcohol sales in Czechia attempts to account for this heterogeneity by investigating three types of interventions: (i) limits on the movement of people into the country (i.e., tourism); (ii) social mobility and assembly restrictions; and (iii) restrictions on alcohol sales. METHODS: We used general additive models to assess the relationship between alcohol sales and COVID-19-related restrictions that were specific to alcohol outlets and general restrictions measured by the Government Response Stringency Index. New COVID-19 cases and the number of overnight stays by foreign tourists were also included in the models. RESULTS: The analysis of total sales revenues show that the overall amount of alcohol sold in the Czech Republic decreased due to the COVID-19 related measures and the decrease is best explained by the Government Response Stringency Index. We did not find any relationship between alcohol sales and the number of new COVID-19 cases. DISCUSSION AND CONCLUSIONS: The decline in total alcohol sales resulting from the COVID-19 restrictions was not just the result of reduced tourism and restrictions on physical availability of alcohol, but also of restrictions limiting social encounters. This should be considered in future research comparing the trends in different countries and incorporated into plans for controlling the spread of communicable diseases in future epidemics.
- Klíčová slova
- COVID‐19, alcohol availability, alcohol sales, time series, tourism,
- MeSH
- alkoholické nápoje * ekonomika MeSH
- analýza přerušované časové série MeSH
- cestování MeSH
- COVID-19 * epidemiologie MeSH
- lidé MeSH
- obchod * trendy ekonomika statistika a číselné údaje MeSH
- pandemie MeSH
- pití alkoholu * epidemiologie ekonomika MeSH
- turistika MeSH
- Check Tag
- lidé MeSH
- Publikační typ
- časopisecké články MeSH
- Geografické názvy
- Česká republika epidemiologie MeSH
The Bitcoin has emerged as a fascinating phenomenon in the Financial markets. Without any central authority issuing the currency, the Bitcoin has been associated with controversy ever since its popularity, accompanied by increased public interest, reached high levels. Here, we contribute to the discussion by examining the potential drivers of Bitcoin prices, ranging from fundamental sources to speculative and technical ones, and we further study the potential influence of the Chinese market. The evolution of relationships is examined in both time and frequency domains utilizing the continuous wavelets framework, so that we not only comment on the development of the interconnections in time but also distinguish between short-term and long-term connections. We find that the Bitcoin forms a unique asset possessing properties of both a standard financial asset and a speculative one.
- MeSH
- časové faktory MeSH
- ekonomické modely * MeSH
- lidé MeSH
- obchod statistika a číselné údaje MeSH
- vlnková analýza MeSH
- Check Tag
- lidé MeSH
- Publikační typ
- časopisecké články MeSH
- práce podpořená grantem MeSH
