EXAMINATION OF THE INFLUENCE OF IMPACT ON TOBACCO CONSUMPTION IN SERBIA
DOI:
https://doi.org/10.5937/ekoPolj2004217HKeywords:
income elasticity, tobacco expenditure, Engel curves, significance, hypothesisAbstract
The subject of this paper is the econometric analysis of tobacco demand in Serbia. The aim of this paper is to quantify the impact of income and socio-economic and demographic characteristics of households on tobacco expenditure based on microdata from the 2019 Household Budget Survey conducted by the Statistical Office of the Republic of Serbia according to the same methodology applied by the European Union Agency for Statistics. The influence of these factors was quantified on the basis of seven different functional forms of Engel curves, which are most often used in econometric empirical research. Based on the estimated parameters of the empirical specifications of Engel curves and the elasticity derived from them, the hypothesis of inelasticity of demand for tobacco products in relation to household income was tested.
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References
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17. Prekazi, B. (2017). Estimating tobacco price elasticity in Kosovo: using the micro data from Household Budget Survey (2007–2017) and Deaton demand model. Accelerating Progress on Effective Tobacco Tax Policies in Low- and MiddleIncome Countries, Institute of Economic Sciences, Belgrade.
18. Vladisavljevic, M., Zubović, J., Đukić, M., & Jovanović, O. (2020). Tobacco price elasticity in Serbia: evidence from a middle-income country with high prevalence and low tobacco prices. Tobacco Control. http://dx.doi.org/10.1136/tobaccocontrol-2019-055262
19. Tričković, V., & Hanić, H., (1996). Marketing research. Economic Faculty University of Belgrade, Belgrade. [in Serbian: Тричковић, В., & Ханић, Х. (1996). Истраживање тржишта].
20.Tričković, V., (1971). Study of consumer demand with special emphasis on the analysis of family budgets. Institute of Social Sciences-Center for Economic Research, Belgrade. [in Serbian: Tričković, V. (1971). Проучавање потрошачке тражње са пособним освртом на анализу породичних буџета].
21. Wold, H. and Jureen, L., (1953). Demand analysis. John Wiley And Sons, Inc, New York.
22. Yusof, S.A. and Duasa, J., (2010). Consumption patterns and income elasticities in Malaysia. Malaysian Journal of Economic Studies, 47(2), pp.91-106.
2. Household Budget Survey Statistical Offce of the Republica Serbia. (2019). Statistical Office of the Republica Serbia, Belgrade. [in Serbian: Завод за статистику Републике Србије, (2019), Анкета о потрошњи домаћинстава Завода за статистику Републике Србије]
3. Arunatilake, N., & Opatha, M. (2000). The economics of tobacco in Sri Lanka. Sri Lanka Economic Journal, 3(1), 96 – 120, https://doi.org/10.11588/xarep.00003860
4. Bugarčić, M. (2019). Exploring the influence of income on the demand for consumer goods -Theoretical-methodological bases and empirical application. Belgrade banking academy, Belgrade. [in Serbian: Бугарчић, М. (2019), Истраживање утицаја дохотка на тражњу за потрошним добрима –Теоријско-методолошке основе и емпиријска примена]
5. Çetinkaya, M., Erkam, S., Basaram A. (2014). Workplace Smoking Bans and Tobacco Consumption in Turkey: Evidence from 2003 to 2011 Household Budget Surveys. The Empirical Economics Letters, 13(11), 1171-1177.
6. Engel, E. (1857). Die Produktions und Consumtionsverhältnisse des Königreichs Sachsen. Zeitschrift des Statistischen Büreaus des Königlich Sächischen Ministeriums des Innern, 8 and 9.
7. Gligorić, D., Pepić, A., Petković, S., Ateljević, J., & Vukojević, B. (2020). Price elasticity of demand for cigarettes in Bosnia and Herzegovina: microdata analysis. Tobacco Control. http://dx.doi.org/10.1136/tobaccocontrol-2019-055258
8. Gjika, A., Zhllima, E., Rama, K., & Imami, D. (2020). Analysis of tobacco price elasticity in albania using household level data. International Journal of Environmental Research and Public Health, 17(2), 432. https://doi.org/10.3390/ijerph17020432
9. Hanić, H. (1982). Models of complex analysis of consumer demand. Economic Faculty University of Belgrade, Belgrade. [in Serbian: Ханић, Х. (1982), Модели комплексне анализе потрошачке тражње].
10. Hanić, H., Bugarčić, M. (2019). Econometric modeling of household consumption of alcoholic beverages and tobacco by complete system of regression equations. 11th International Scientifc Conference: Econometric modeling in economics and finance Book of abstracts, Institute of Economic Sciences, Belgrade, 35-37.
11. Jovanovic, O., Zubović, J., Vladisavljević, M., Bodroža, D., Ljumović, I., Domazet, I., & Đukić, M. (2018). Estimation of Tobacco Products Price and Income Elasticity using Aggregate Data. Economic Analysis, 51(3-4), 81-94.
12. Manrique, J., & Jensen, H. H. (2004). Consumption of tobacco and alcoholic beverages among Spanish consumers. Southwestern Economic Review, 31(1), 41- 56.
13. Moneta, A. & Chai, A., (2013). The evolution of Engel curves and its implications for structural change theory. Cambridge journal of economics, 38(4), 895-923. https://doi.org/10.1093/cje/bet033
14. Nguyen, L., Rosenqvist, G., & Pekurinen, M. (2012). Demand for tobacco in Europe-An econometric analysis of 11 countries for the PPACTE Project. National Institute for Health and Welfare, Finland.
15. Milojević, I., Mihajlović, M., & Pantić, N. (2020). Prikupljanje i dokumentovanje revizijskih dokaza. Oditor – časopis za menadžment, fnansije i pravo, 6(2) https://doi.org/10.5937/Oditor2002077M
16. Mugoša, A., Čizmović, M., Laković, T., & Popović, M. (2017). Tobacco price elasticity in Montenegro: using the micro data from Household Budget Survey and Deaton demand model. Accelerating Progress on Effective Tobacco Tax Policies in Low- and Middle-Income Countries, Institute of Economic Sciences, Belgrade.
17. Prekazi, B. (2017). Estimating tobacco price elasticity in Kosovo: using the micro data from Household Budget Survey (2007–2017) and Deaton demand model. Accelerating Progress on Effective Tobacco Tax Policies in Low- and MiddleIncome Countries, Institute of Economic Sciences, Belgrade.
18. Vladisavljevic, M., Zubović, J., Đukić, M., & Jovanović, O. (2020). Tobacco price elasticity in Serbia: evidence from a middle-income country with high prevalence and low tobacco prices. Tobacco Control. http://dx.doi.org/10.1136/tobaccocontrol-2019-055262
19. Tričković, V., & Hanić, H., (1996). Marketing research. Economic Faculty University of Belgrade, Belgrade. [in Serbian: Тричковић, В., & Ханић, Х. (1996). Истраживање тржишта].
20.Tričković, V., (1971). Study of consumer demand with special emphasis on the analysis of family budgets. Institute of Social Sciences-Center for Economic Research, Belgrade. [in Serbian: Tričković, V. (1971). Проучавање потрошачке тражње са пособним освртом на анализу породичних буџета].
21. Wold, H. and Jureen, L., (1953). Demand analysis. John Wiley And Sons, Inc, New York.
22. Yusof, S.A. and Duasa, J., (2010). Consumption patterns and income elasticities in Malaysia. Malaysian Journal of Economic Studies, 47(2), pp.91-106.
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Published
2020-12-26
How to Cite
Bugarčić, M., & Hanić, H. (2020). EXAMINATION OF THE INFLUENCE OF IMPACT ON TOBACCO CONSUMPTION IN SERBIA. Economics of Agriculture, 67(4), 1217–1231. https://doi.org/10.5937/ekoPolj2004217H
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