Unit Roots and the Demand for Cigarettes in Turkey: Pitfalls and Possibilities

Katarina Juselius

No 01-02, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The partial adjustment model for cigarette demand in Tansel (1993) is formulated as a restriction on the more general VAR model. The question whether the Tansel estimation results are spurious as claimed by Cameron and Collins (1998) is addressed in this framework. The role of intervention dummies and data transformations for the cointegration results is discussed in some detail. Finally, a more general model is estimated and two steady-state relations measuring demand and supply behaviour in the cigarette market are identified.

Keywords: Partial Adjustment Models; Cointegrated VAR; Intervention Dummies; Data Transformations; Identification (search for similar items in EconPapers)
JEL-codes: C3 E3 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2001-01
New Economics Papers: this item is included in nep-eec and nep-mic
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.econ.ku.dk/english/research/publications/wp/2001/0102.pdf/ (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0102

Access Statistics for this paper

More papers in Discussion Papers from University of Copenhagen. Department of Economics Oester Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Hoffmann ().