Table 1

Results of long-term elasticities of cigarette demand. The long-run demand model based on ARDL (1,0,0)

EstimateSEt-statp Value
Intercept13.0523.6893.5380.002
Ln Pi−1.1730.442−2.6560.014
Ln Yi−0.8390.357−2.3470.028
Trend0.0850.0292.9210.008