Extended cost-benefit analysis of tobacco taxation: The case of Serbia
Jovan Zubović, Olivera Jovanović, Boban Nedeljković Institute of Economic Sciences, Belgrade, Serbia
November 2-3, Tirana, Albania
Background
Cigarette tobacco smoke contains over 7,000 different chemical compounds, over 250 of which are dangerous to health, almost 70 cause cancer (Kilibarda, 2021)
Smokers today have a higher risk of lung cancer than smokers 50 years ago (changes in cigarette design and composition)
Smokers with lower personal or family income are more likely to suffer from tobacco-related diseases than smokers with higher personal or family income
As a result of tobacco use, smoking households spend less on food, clothing, education, and health care (Vladisavljević et al., 2021)
Background 2
To analyze the impact of raising tobacco taxes on avoiding the social and health costs of tobacco consumption
To apply the extended cost-benefit analysis (ECBA) methodology decomposed into four components: