Publication detail

The Evaluation of Gambling Sector's Social Costs in Lithuania

ŠIMBEROVÁ, I. ZITKIENE, R. MACERINSKIENE, I. GENELIENE, G.

Original Title

The Evaluation of Gambling Sector's Social Costs in Lithuania

Type

journal article in Web of Science

Language

English

Original Abstract

This article analyses the social costs of gambling sector in Lithuania. The aim of the research is to evaluate the change of gambling sector's gambling gross revenue according to the established right to submit a request to self-exclude from gambling since May 1, 2017. The scientific problem of the research is how to define and evaluate gambling sector's social costs. The analysis is conducted by evaluating dependency connection between gambling sector's gambling gross revenue and gross domestic product taking into account the changing quantity of requests to self-exclude from gambling and current economic situation in Lithuania. The following methods are used for analysis: graphical analysis, paired correlation analysis and linear regression analysis. First of all, the conception of the social cost of gambling is being analysed in the article. Then using previously specified methods the relationship between gambling sector's gambling gross revenue and gross domestic product in the country is evaluated. Using a linear regression equation, the model, showing how gambling gross revenue of gambling sector was expected to change in response to changes in the country's gross domestic product is obtained. According to gambling gross revenue for 2017-2019 the model reveals that gambling sector revenue, considering the change in gross domestic product, had a higher growth potential and the right to submit a request to self-exclude from gambling established in 2017 may have had a serious effect on slowing down the growth of gambling revenue.

Keywords

Gambling Sector; Social Costs; Externalities; General Domestic Product; Gambling Gross Revenue

Authors

ŠIMBEROVÁ, I.; ZITKIENE, R.; MACERINSKIENE, I.; GENELIENE, G.

Released

31. 12. 2020

Publisher

Kaunas University of Technology

Location

KAUNAS

ISBN

2029-5839

Periodical

Inzinerine Ekonomika-Engineering Economics

Year of study

31

Number

5

State

Republic of Lithuania

Pages from

558

Pages to

564

Pages count

7

URL

https://inzeko.ktu.lt/index.php/EE/article/view/25951

Full text in the Digital Library

http://hdl.handle.net/11012/196688

BibTex

@article{BUT169641,
  author="ŠIMBEROVÁ, I. and ZITKIENE, R. and MACERINSKIENE, I. and GENELIENE, G.",
  title="The Evaluation of Gambling Sector's Social Costs in Lithuania",
  journal="Inzinerine Ekonomika-Engineering Economics",
  year="2020",
  volume="31",
  number="5",
  pages="558--564",
  doi="10.5755/j01.ee.31.5.25951",
  issn="2029-5839",
  url="https://inzeko.ktu.lt/index.php/EE/article/view/25951"
}