Table 4: Distributed lag adjustment path of per capita cigarette sales.
(a)

Quarters after the shockModel 1Model 2
Own-priceCross-priceCIALOwn-priceCross-priceCIAL
Change%
Change% Change% Change% Change% Change%

0−0.379 1140.01418−0.0006226−0.3761160.01420−0.0002214
1−0.4051220.02837−0.0010644−0.4011230.02739−0.0005334
2−0.3331000.03750−0.0012954−0.3281010.03550−0.0007547
3−0.322970.04459−0.0014862−0.316970.04159−0.0009057
4−0.3351000.05066−0.0016569−0.3281010.04767−0.0010365
50.05573−0.00180750.05173−0.0011472
60.05978−0.00191800.05578−0.0012277
70.06282−0.00200840.05882−0.0012981
80.06586−0.00208870.06086−0.0013585
90.06788−0.00214890.06289−0.0013988
100.06891−0.00219910.06491−0.0014390
110.07092−0.00222930.06592−0.0014692
120.07194−0.00226940.06694−0.0014894
130.07295−0.00228950.06795−0.0015095
140.07396−0.00230960.06796−0.0015296
150.07397−0.00232970.06897−0.0015397

(b)

Quarters after the initial shockModel 3Model 4
Own-priceCross-priceCIAL±Own-priceCross-priceCIAL
Change% Change% Change% Change% Change% Change%

0−0.3741160.01321−0.3761160.01420−0.0003119
1−0.3981230.02440−0.4001240.02639−0.0006138
2−0.3261010.03151−0.3271010.03551−0.0008150
3−0.314970.03660−0.316980.04059−0.0009559
4−0.3271010.04167−0.3281010.04667−0.0010767
50.044740.05073−0.0011773
60.048790.05478−0.0012678
70.050830.05682−0.0013282
80.052860.05986−0.0013886
90.054890.06088−0.0014288
100.055910.06291−0.0014591
110.056920.06392−0.0014892
120.057940.06494−0.0015194
130.057950.06595−0.0015295
140.058960.06696−0.0015496
150.059970.06697−0.0015597

±Long-run effect of smoke-free laws on cigarette sales is not statistically significant in this model. Therefore, the adjustment path is not calculated. Percent change is the size of the response in a quarter as a percentage of the long-run response.