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- The elasticity of tobacco products
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- The Elasticity of Tobacco Products in BiH- macro data analysis
- Error Correction Model Analysis of Tobacco Consumption in Kosovo*
- Tobacco price elasticity in Serbia: using the micro data from Household Budget Survey and Deaton demand model
- Tobacco price elasticity in Bosnia: micro data analysis
- Tobacco price elasticity in Montenegro: using the micro data from Household Budget Survey and Deaton demand model
- Estimating tobacco price elasticity in Kosovo: using the micro data from Household Budget Survey (2007 – 2017) and Deaton demand model
- Fiscal policy impact on tobacco consumption in high smoking prevalence transition economies – the case of Albania
Estimation of tobacco price elasticity in Serbia using aggregate time-series data
Estimation of tobacco price elasticity in Serbia using aggregate time-series data
Jovanović Olivera, Zubović Jovan, Vladisavljević Marko, Bodroža Duško, Ljumović Isidora, Domazet Ivana, Đukić Mihajlo
Abstract: In order to estimate elasticity of demand for tobacco products authors of this paper used aggregate level data. Research among low and middle income countries over the world empirically showed that demand for tobacco products is usually inelastic. Analysis conducted in the Republic of Serbia showed that price elasticity ranged between -0.76 and -0.62 while income elasticity ranged between 0.34 and 0.39. The main aim of this paper is to estimate long run and short run demand elasticity based on aggregate level data for period 2002-2016 using Error Correction model. This research is unique in the SEE countries, while research conducted in other low and middle income countries in Western Balkan region showed similar results.
Keywords: tobacco products, consumption, elasticity, price
Date: 01-2019
