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

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Author Info
Nikolaou, Agelike
Velentzas, Kostas
Abstract

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.

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File URL: http://purl.umn.edu/26432
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Publisher Info
Article provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.

Volume (Year): 2 (2001)
Issue (Month): 1 (January)
Pages:
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Handle: RePEc:ags:aergaa:26432

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Web page: http://www.etagro.gr/
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Keywords: Consumer/Household Economics;

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June. [Downloadable!] (restricted)
  2. Stavrinos, Vasilios G, 1987. "The Effects of an Anti-smoking Campaign on Cigarette Consumption: Empirical Evidence from Greece," Applied Economics, Taylor and Francis Journals, vol. 19(3), pages 323-29, March.
  3. Seldon, Barry J & Boyd, Roy, 1991. "The Stability of Cigarette Demand," Applied Economics, Taylor and Francis Journals, vol. 23(2), pages 319-26, February.
  4. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
  5. Hondroyiannis, George & Papapetrou, Evangelia, 1997. "Cigarette Consumption in Greece: Empirical Evidence from Cointegration Analysis," Applied Economics Letters, Taylor and Francis Journals, vol. 4(9), pages 571-74, September. [Downloadable!] (restricted)
  6. Martin D. Evans & Karen K. Lewis, 1992. "Peso Problems and Heterogeneous Trading: Evidence from Excess Returns in Foreign Exchange and Euromarkets," Working Papers 92-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    Other versions:
  7. Valdes, Benigno, 1993. "Cigarette Consumption in Spain: Empirical Evidence and Implications for Public Health Policy," Applied Economics, Taylor and Francis Journals, vol. 25(2), pages 149-56, February.
  8. Tansel, Aysit, 1993. "Cigarette Demand, Health Scares and Education in Turkey," Applied Economics, Taylor and Francis Journals, vol. 25(4), pages 521-29, April.
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  9. Hallam, David & Zanoli, Raffaele, 1993. "Error Correction Models and Agricultural Supply Response," European Review of Agricultural Economics, Oxford University Press for the Foundation for the European Review of Agricultural Economics, vol. 20(2), pages 151-66.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Eleni Raptou & Konstadinos Mattas & Efthimia Tsakiridou & Constantinos Katrakilidis, 2005. "Factors Affecting Cigarette Demand," International Advances in Economic Research, Springer, vol. 11(3), pages 275-290, August. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.


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