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Forecasting Cigarette Consumption in Greece: An empirical investigation with cointegration analysis

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  • Dritsakis, Nikolaos
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    Abstract

    This paper investigates the relationship between cigarette consumption per capita net disposable income, cigarette price index, and per capita expenditure for education. In this empirical analysis the Johansen cointegration test is applied in conjunction with the vector error correction model. Finally, the forecasting technique of cigarettes consumption in Greece using cointegration models is presented as well. This technique presupposes the formation of a structural equations system, which includes the short-run and the long-run relationships of the model variables.

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    File URL: http://purl.umn.edu/26442
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    Bibliographic Info

    Article provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.

    Volume (Year): 04 (2003)
    Issue (Month): 2 (August)
    Pages:

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    Handle: RePEc:ags:aergaa:26442

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    Web page: http://www.etagro.gr/
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    Related research

    Keywords: Consumer/Household Economics;

    References

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    1. Frank Reinhardt & David Giles, 2001. "Are cigarette bans really good economic policy?," Applied Economics, Taylor & Francis Journals, vol. 33(11), pages 1365-1368.
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    Cited by:
    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.

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