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Does tobacco affect economy?

Objective: The still debatable contribution of tobacco to the economy demands further discussion as tobacco remains controversial commodity due to its adverse health impacts. This paper aims to investigate the relationship between tobacco and the economy using macroeconomics indicators such as unemp...

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Main Authors: Ahsan, Abdillah, Handika, Rangga, Qureshi, Farrukh, Martokoesoemo, Dewi Ratna Sjari, Hindriyani, Martha, Amalia, Nadira, Mariz, Karina
Format: Article
Published: West Asia Organization for Cancer Prevention 2022
Subjects:
HF Commerce
Business
Online Access:http://eprints.um.edu.my/43567/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85133104999&doi=10.31557%2fAPJCP.2022.23.6.1873&partnerID=40&md5=5c10c8b54fff43a753b30e12a2d8106d
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spelling my.um.eprints.435672023-10-30T06:26:28Z http://eprints.um.edu.my/43567/ Does tobacco affect economy? Ahsan, Abdillah Handika, Rangga Qureshi, Farrukh Martokoesoemo, Dewi Ratna Sjari Hindriyani, Martha Amalia, Nadira Mariz, Karina HF Commerce Business Objective: The still debatable contribution of tobacco to the economy demands further discussion as tobacco remains controversial commodity due to its adverse health impacts. This paper aims to investigate the relationship between tobacco and the economy using macroeconomics indicators such as unemployment, inflation, and GDP growth. As a comparison, we include the tobacco price bands in USA because the sector is one of dominant affecting the economy and the price in some main areas in America is incredibly competitive. Methods: This paper use tobacco data and Macroeconomics Indicators from Euromonitor International and World Bank Data. We extend linear regression models by controlling both the serial correlation and endogeneity bias problems. We also observe the properties in the ARMA(2,2) data generating process. Results: We document that tobacco tends to affect the USA’s future economy but not Indonesia. In our robustness check, we conduct a SUR analysis to control the contemporaneous correlations among Asian markets. We further document that tobacco variables tend not to affect the economy in the Asian markets. Conclusion: Our results show that the contribution of tobacco commodity to the economy is overstated. Therefore, the comprehensive and massive tobacco control implementations should be undertaken hence is relevant to put into actions © This work is licensed under a Creative Commons Attribution-Non Commercial 4.0 International License West Asia Organization for Cancer Prevention 2022 Article PeerReviewed Ahsan, Abdillah and Handika, Rangga and Qureshi, Farrukh and Martokoesoemo, Dewi Ratna Sjari and Hindriyani, Martha and Amalia, Nadira and Mariz, Karina (2022) Does tobacco affect economy? Asian Pacific Journal of Cancer Prevention, 23 (6). 1873 -1878. ISSN 1513-7368, DOI https://doi.org/10.31557/APJCP.2022.23.6.1873 <https://doi.org/10.31557/APJCP.2022.23.6.1873>. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85133104999&doi=10.31557%2fAPJCP.2022.23.6.1873&partnerID=40&md5=5c10c8b54fff43a753b30e12a2d8106d 10.31557/APJCP.2022.23.6.1873
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HF Commerce
Business
spellingShingle HF Commerce
Business
Ahsan, Abdillah
Handika, Rangga
Qureshi, Farrukh
Martokoesoemo, Dewi Ratna Sjari
Hindriyani, Martha
Amalia, Nadira
Mariz, Karina
Does tobacco affect economy?
description Objective: The still debatable contribution of tobacco to the economy demands further discussion as tobacco remains controversial commodity due to its adverse health impacts. This paper aims to investigate the relationship between tobacco and the economy using macroeconomics indicators such as unemployment, inflation, and GDP growth. As a comparison, we include the tobacco price bands in USA because the sector is one of dominant affecting the economy and the price in some main areas in America is incredibly competitive. Methods: This paper use tobacco data and Macroeconomics Indicators from Euromonitor International and World Bank Data. We extend linear regression models by controlling both the serial correlation and endogeneity bias problems. We also observe the properties in the ARMA(2,2) data generating process. Results: We document that tobacco tends to affect the USA’s future economy but not Indonesia. In our robustness check, we conduct a SUR analysis to control the contemporaneous correlations among Asian markets. We further document that tobacco variables tend not to affect the economy in the Asian markets. Conclusion: Our results show that the contribution of tobacco commodity to the economy is overstated. Therefore, the comprehensive and massive tobacco control implementations should be undertaken hence is relevant to put into actions © This work is licensed under a Creative Commons Attribution-Non Commercial 4.0 International License
format Article
author Ahsan, Abdillah
Handika, Rangga
Qureshi, Farrukh
Martokoesoemo, Dewi Ratna Sjari
Hindriyani, Martha
Amalia, Nadira
Mariz, Karina
author_facet Ahsan, Abdillah
Handika, Rangga
Qureshi, Farrukh
Martokoesoemo, Dewi Ratna Sjari
Hindriyani, Martha
Amalia, Nadira
Mariz, Karina
author_sort Ahsan, Abdillah
title Does tobacco affect economy?
title_short Does tobacco affect economy?
title_full Does tobacco affect economy?
title_fullStr Does tobacco affect economy?
title_full_unstemmed Does tobacco affect economy?
title_sort does tobacco affect economy?
publisher West Asia Organization for Cancer Prevention
publishDate 2022
url http://eprints.um.edu.my/43567/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85133104999&doi=10.31557%2fAPJCP.2022.23.6.1873&partnerID=40&md5=5c10c8b54fff43a753b30e12a2d8106d
_version_ 1781704712429502464
score 13.211869

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