Structural change in cigarette demand: cusum tests using panel data

We conduct cusum tests of structural change in a rational addiction model of cigarette demand estimated using a panel of annual time series of state-level data. In contrast to the one previous application of cusum tests to the question of cigarette demand stability, our results provide strong evidence of downward shifts in demand during the modern era of health warnings and anti-smoking campaigns.

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Year of publication:	2005
Authors:	Schroeter, John ; Fenn, Aju
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 9.2005, 8, p. 1-11
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	I1 - Health ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005416901