Stimulating Savings: An Analysis of Cash Handouts in Australia and the United States

Abstract

At the onset of the Global Financial

The Plain Truth about Plain Packaging: An Econometric Analysis of the Australian 2011 Tobacco Plain Packaging Act

“…Recognising that OLS at times does not handle economic time-series very well due to its stochastic properties, we subsequently employ a univariate form of the state space specification recently used in Davidson and de Silva (2013). In the third test we perform a historic forecasting scenario.…”

“…In this section results from a method similar to that used in Davidson and de Silva (2013) are presented. Specifically we test, after accounting for historically defined patterns in the latent components, 9 whether there is any evidence that household expenditure on tobacco has deviated from the norm following the introduction of the plain packaging legislation?…”

“…The motivation for using this approach in this context is similar to Davidson and de Silva (2013), namely:…”

Untitled

“…In this section results from three tests are presented, the first of which is based on the regression approach using the ordinary least squares (OLS) methodology, similar to that used in Treasury (undated). Recognising that OLS at times does not handle economic time-series very well due to its stochastic properties, we subsequently employ a univariate form of the state space specification recently used in Davidson and de Silva (2013). In the third test we perform a historic forecasting scenario.…”