Estimating the Demand for Cigarettes in Greece: An Error Correction Model

This paper provides an empirical analysis of cigarette consumption in Greece for the period 1960-1995 using the recent developments on cointegration techniques and error correction models. It was found that the empirical model performs well on both theoretical and statistical grounds. Short- and long-run impacts of price and income changes on cigarette demand were obtained and found to be small.


Issue Date:
2001-01
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/26432
Published in:
Agricultural Economics Review, Volume 02, Issue 1
Page range:
20-27
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-24

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