Apergis, Nicholas; Goel, Rajeev; Payne, James - In: Atlantic Economic Journal 42 (2014) 1, pp. 3-20
This study uses state-level data for nearly four decades to study the dynamic demand for cigarettes, focusing especially on the long-run equilibrium relationship between cigarette consumption and its determinants as well as the short-run and long-run causal dynamics. We find the presence of...