Systematic review shows higher tobacco prices reduce consumption and initiation in Latin America and the Caribbean, suggesting effective policy implications.
Key Points
Higher cigarette prices are linked to reduced smoking participation, consumption, and initiation across Latin America.
The meta-analysis indicates large effect sizes show strong policy relevance in reducing tobacco use.
Random-effects pooling revealed own-price elasticities that demonstrate price's significant impact on tobacco demand.
Increasing tobacco taxes may also enhance tax revenue given the inelastic demand for tobacco products.