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- W777612571 abstract "A 14 equation recursive model is developed for (1) flue-cured acreage, (2) burley acreage, (3) flue-cured price, (4) burley price, and (5) consumer demand for cigarettes. The coefficients are estimated using data for 1954-70. The reduced form and the impact multipliers are derived. The multipliers are used to illustrate the impact of a 3.5-cent increase in the support rate for flue-cured tobacco. A comparison of the reduced-form estimated values with observed values of 14 endogenous variables showed a good fit for the model over the period studied." @default.
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- W777612571 date "1973-07-01" @default.
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- W777612571 title "A Dynamic Model of the U.S. Tobacco Economy" @default.
- W777612571 hasPublicationYear "1973" @default.
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