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.
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- Martin D. Evans & Karen K. Lewis, 1992.
"Peso Problems and Heterogeneous Trading: Evidence from Excess Returns in Foreign Exchange and Euromarkets,"
92-13, New York University, Leonard N. Stern School of Business, Department of Economics.
- Martin D. Evans & Karen K. Lewis, 1992. "Peso Problems and Heterogeneous Trading: Evidence From Excess Returns in Foreign Exchange and Euromarkets," NBER Working Papers 4003, National Bureau of Economic Research, Inc.
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- Hallam, David & Zanoli, Raffaele, 1993. "Error Correction Models and Agricultural Supply Response," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 20(2), pages 151-66.
- 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.
- Tansel, A., 1992. "Cigarette Demand, Health Scares and Education in Turkey," Papers 660, Yale - Economic Growth Center.
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