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

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  • Dritsakis, Nikolaos

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.

Suggested Citation

  • Dritsakis, Nikolaos, 2003. "Forecasting Cigarette Consumption in Greece: An empirical investigation with cointegration analysis," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 4(2), pages 1-15, August.
    • Handle: RePEc:ags:aergaa:26442
    DOI: 10.22004/ag.econ.26442
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    References listed on IDEAS

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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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    1. repec:kap:iaecre:v:11:y:2005:i:3:p:275-290 is not listed on IDEAS
    2. Eleni Raptou & Konstadinos Mattas & Efthimia Tsakiridou & Constantinos Katrakilidis, 2005. "Factors Affecting Cigarette Demand," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(3), pages 275-290, August.

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    Keywords

    Consumer/Household Economics;

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