Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations

We investigated marijuana, alcohol and tobacco consumption using micro-unit data from the Australian National Drug Strategy Household Surveys. We estimated a multivariate probit (MVP) model to allow for correlations across participations of different drugs and a sequential model to study separately...

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Main Authors: Zhao, X., Harris, Mark
Format: Journal Article
Language:English
Published: Wiley-Blackwell Publishing Asia 2004
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/81807
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author Zhao, X.
Harris, Mark
author_facet Zhao, X.
Harris, Mark
author_sort Zhao, X.
building Curtin Institutional Repository
collection Online Access
description We investigated marijuana, alcohol and tobacco consumption using micro-unit data from the Australian National Drug Strategy Household Surveys. We estimated a multivariate probit (MVP) model to allow for correlations across participations of different drugs and a sequential model to study separately the determinants of participation and the levels of consumption. The MVP results indicate significant and positive correlations across all three drugs through unobservable charac- teristics, with the correlation coefficient between marijuana and tobacco being the highest. The MVP approach allows for better prediction of conditional and joint probabilities, providing valuable information for policy makers in a multidrug framework.
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institution Curtin University Malaysia
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spelling curtin-20.500.11937-818072021-03-16T03:27:03Z Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations Zhao, X. Harris, Mark Social Sciences Economics Business & Economics We investigated marijuana, alcohol and tobacco consumption using micro-unit data from the Australian National Drug Strategy Household Surveys. We estimated a multivariate probit (MVP) model to allow for correlations across participations of different drugs and a sequential model to study separately the determinants of participation and the levels of consumption. The MVP results indicate significant and positive correlations across all three drugs through unobservable charac- teristics, with the correlation coefficient between marijuana and tobacco being the highest. The MVP approach allows for better prediction of conditional and joint probabilities, providing valuable information for policy makers in a multidrug framework. 2004 Journal Article http://hdl.handle.net/20.500.11937/81807 10.1111/j.1475-4932.2004.00197.x English Wiley-Blackwell Publishing Asia restricted
spellingShingle Social Sciences
Economics
Business & Economics
Zhao, X.
Harris, Mark
Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title_full Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title_fullStr Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title_full_unstemmed Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title_short Demand for Marijuana, Alcohol and Tobacco: Participation, Levels of Consumption, and Cross-Equation Correlations
title_sort demand for marijuana, alcohol and tobacco: participation, levels of consumption, and cross-equation correlations
topic Social Sciences
Economics
Business & Economics
url http://hdl.handle.net/20.500.11937/81807