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anti-obesity policy, the sugar levy seems arbitrary. Consumption of both sugar and sugary drinks has been falling for years … European countries show no correlation between sugary drink consumption and obesity. The Office for Budget Responsibility says …
Persistent link: https://www.econbiz.de/10013212427
In this paper we empirically analyse two counterfactual situations facing an antitrust authority following the merger of two of the largest international cigarette companies. First we estimate a random coeffi cients model of the demand for cigarettes. The implied elasticity of demand for smoking...
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question: Are state alcohol distribution regulations based on public welfare interests or on protectionist economic interests …
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Accumulated theoretical and empirical evidence suggests that wine prices depend upon quality, reputation and objective characteristics. Unlike previous studies, we recognize that quality and reputation are latent constructs and therefore employ factor analysis and 2SLS techniques to consistently...
Persistent link: https://www.econbiz.de/10014035842
and greater consumption of counterfeit/illegal cigarettes are unlikely. Provided that tax increases offset any induced … fall in prices that might result, plain packaging will reduce cigarette consumption …
Persistent link: https://www.econbiz.de/10014041026
To examine how government spending affects the Australian economy, we apply a vector autoregressive (VAR) model, based on the recursive approach of Caldara and Kamps (2008). The estimation results suggest that (i) the government expenditure shock has positively contributed to Australia's...
Persistent link: https://www.econbiz.de/10013097912
This paper seeks to identify the effect of consumer sentiment on consumption. Using Australian consumer sentiment data … consumption, we match postcode-level vote-share data to new car sales to households. Using data from two elections which saw a … consumer sentiment contains useful independent information about future consumption …
Persistent link: https://www.econbiz.de/10013014765
While the world is focused on addressing the near-term ramifications of the COVID-19 shock, we turn attention to another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and New Zealand as examples, we show that the pandemic will...
Persistent link: https://www.econbiz.de/10013250089