Evaluating the Impact of Changing Mississippi’s Tobacco Tax

Albert E. Myles and Albert J. Allen

No 46855, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe
Date: 2009
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