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Does spending more on tobacco control programs make economic sense? An incremental benefit-cost analysis using panel data
- Source :
- Contemporary Economic Policy. July 1, 2012, Vol. 30 Issue 3, p430, 18 p.
- Publication Year :
- 2012
-
Abstract
- This paper presents a benefit-cost analysis of the ongoing, state-level tobacco prevention and control programs in the United States. Using state-level panel data for the years 1991-2007, the study applies several variants of econometric modeling approaches to estimate the state-level tobacco demand. The paper finds a statistically significant evidence of a sustained and steadily increasing long-run impact of the tobacco control program spending on cigarette demand in states. The study also shows that, If individual states follow the Best Practices funding guidelines, potential fixture annual benefits of the tobacco control program can he as high as 14-20 times the cost of program implementation. (JEL C2, H5, 11)<br />I. INTRODUCTION State-level tobacco control programs gath-ered momentum in the United States during the early 1990s and have since been continuing with a varying degree of success in lowering smoking [...]
Details
- Language :
- English
- ISSN :
- 10743529
- Volume :
- 30
- Issue :
- 3
- Database :
- Gale General OneFile
- Journal :
- Contemporary Economic Policy
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.298057258
- Full Text :
- https://doi.org/10.1111/i.1465-7287.2011.00302.x