| 英文摘要 |
The main imports of tobacco products in Taiwan are cigarettes and cigars, respectively. However, their main import source countries are different. The monthly import data of cigarettes and cigars during 1989-2023 from International Trade Administration, Ministry of Economic Affairs and AIDS model are employed to estimate expenditure elasticities, price elasticities, and cross elasticities across various source countries. The estimated results show two strands in expenditure elasticities of imported cigarettes as follows. The expenditure elasticities of Japan and Germany are larger than 1 (i.e., imported cigarettes are luxury goods). On the other hand, the expenditure elasticities of the UK, USA, and Korea are less than 1 (i.e., imported cigarettes are normal goods). Similar patterns are found in cigars. The expenditure elasticity of the Netherlands is 1.5. However, the expenditure elasticities of the other source countries are less than 1. The compensated price elasticities of imported cigarettes and cigars are less than 1. In addition, a complementary relationship between the UK and Korean tobacco importers is observed (The cross elasticity is less than 0). However, the substitutional relationship between tobacco importers is observed, showing the competitive relationship between importer-source countries. Moreover, our findings show that COVID-19 has had varying degrees of significant impact on Taiwan’s tobacco import structure. Specifically, imported demand of cigarettes shows declining trend from Japan and USA and increasing trend from Germany and Korea. Moreover, imported demand of cigars shows declining trend from Netherlands and increasing trend from Dominican. |