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Evaluating the Impact of Changing Mississippi’s Tobacco Tax AgEcon
Myles, Albert E.; Allen, Albert J..
A multiple regression was performed on 37 years of data to determine the impact of raising the tobacco tax on cigarettes by $.24 per pack on cigarette sales in Mississippi. The t-statistic for the slope was significant at the .05 critical alpha level, t(29) =1.69 and p=.05. Thus, we conclude that there is a positive significant relationship between taxes and sales volume. Further, about 91 of the variability in sales volume could be explained by the demand model.
Tipo: Conference Paper or Presentation Palavras-chave: Demand; Tobacco tax; Regression model; Retail employment; Elasticity of demand; Price change; Community/Rural/Urban Development; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession.
Ano: 2009 URL: http://purl.umn.edu/46855
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