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D12

Consumer Economics: Empirical Analysis

The Effect of Tobacco and Alcohol Control Policies on Household Spending Patterns in Kenya: An Approach Using Matched Difference in Differences

Abel Otwori Nyagwachi, Grieve Chelwa and Corné van Walbeek
This paper examines the effect of tobacco and alcohol control policies on tobacco and alcohol consumption patterns and the evolution of crowding-out effects on other household expenditure in Kenya. The current literature on crowding-out does not provide a defensible instrumental variable for a...
May 2020
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Assessing the Causal Impact of Tobacco Expenditure on Household Spending Patterns in Zambia

Grieve Chelwa and Corné van Walbeek
This paper adds to the literature on the crowding out effect of tobacco expenditure in two ways. Firstly, the paper uses expenditure data from a low income sub-Saharan African country, Zambia, where most households are poor. Secondly, unlike previous studies, we relax the exclusion restriction and...
Aug 2014
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Evolution of Monetary Policy Transmission Mechanism in Malawi: A TVP-VAR with Stochastic Volatility Approach

Chance Mwabutwa, Manoel Bittencourt and Nicola Viegi
This paper investigates the evolution of monetary transmission mechanism in Malawi between 1981 and 2010 using a time varying parameter vector autoregressive (TVP-VAR) model with stochastic volatility. We evaluate how the responses of real output and general price level to bank rate, exchange rate...
Nov 2013
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Time-Varying Parameter in the Almost Ideal Demand System and the Rotterdam Model: Will the Best Specification Please Stand Up?

William A. Barnett and Isaac Kalonda-Kanyama
This paper assesses the ability of the Rotterdam model and of three versions of the almost ideal demand system (AIDS) to recover the time-varying elasticities of a true demand system and to satisfy theoretical regularity. Using Monte Carlo simulations, we nd that the Rotterdam model performs better...
Mar 2013
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Consumer demand for alcoholic beverages and tobacco in Lesotho: A double-hurdle approach

Ramaele Moshoeshoe
In this paper, we estimate income elasticities and investigate the determinants of alcohol and tobacco consumption in Lesotho using a Double-Hurdle model on the 2002/03 Lesotho HBS data. The results reveal that both alcohol and tobacco are income inelastic with estimated elasticities of 0.6553 and...
Sep 2012
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Are arts events a good way of augmenting the economic impact of sports? The case of the 2010 Soccer World Cup and the National Arts Festival in South Africa

Jen D. Snowball
Despite the debate about whether arts consumers are also sports consumers, many countries have used cultural events to leverage further tourism spending from sports events, the most famous example being the cultural Olympics. This paper reports the findings of research conducted at the 2010 South...
Jun 2012
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