Variable | Scenario A (percentage change) | Scenario B (percentage change) |
Impact across all sectors | ||
Exports | −0.028 | 0.033 |
Imports* | −0.019 | 0.02 |
Employment | −0.102 | 0.119 |
Price in wages | 0 | 0 |
Price in capital | −0.002 | −0.001 |
Government income | 0.084 | −1.509 |
Impact in the tobacco industry | ||
Final consumption of tobacco | −26.0 | −25.9 |
Final consumer price | 35.0 | 35.0 |
Employment in tobacco sector | −22.6 | −22.3 |
Tax revenue associated with the tobacco industry | 49.3 | 49.3 |
Source: Authors’ own work.
*With no substitution effect (assuming tobacco imports are taxed in the same way as domestic tobacco).