Analysis of spatial panel data is of great importance and interest in spatial econometrics. Here we consider cigarette demand in a spatial panel of 46 states of the US over a 30-year period. We construct a demand equation to examine the elasticity of per pack cigarette price and per capita disposable income. The existing spatial panel models account for both spatial autocorrelation and state-wi...

This paper presents estimates of the price elasticity of demand for pharmaceuticals amongst high-income older people in Australia. It exploits a natural experiment by which some people became eligible for a greatly reduced price through a health concession card. Estimation techniques include negative binomial difference-indifference regressions with instrumental variables, as well as propensity...

Abstract Energy planning and climate policy require understanding long-run energy demand patterns. Electricity further is important because services derived from electricity typically do not have substitution possibilities other fuels. By employing dynamic panel models, we estimate the price output elasticities of aggregate industrial for high-income (mostly OECD) middle-income non-OECD) countr...

abstract: on december 2010, the government of iran ended the decades-long subsidy program for bread and energy products and launched the targeted subsidy reform program that considerably raised prices of food products. the objective of the study was to measure welfare impacts of food price changes on iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from i...

where Y is the logarithm of some measure of the child’s economic well-being, X is the logarithm of a similar measure of the parent’s economic well-being, and the estimated parameter β is the elasticity of the child’s economic well-being with respect to the parent’s well-being. A value of β close to 0 indicates complete intergenerational mobility; a value close to 1 indicates no mobility. Econom...