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The proposal not only would increase revenues, but also lower expenditures over time as more people quit smoking and the number of tobacco-related illnesses declines

2012;32:S25-S38.

Example In this post the long-run dynamic price elasticity is -1.928, roughly $1.003 / (1 - 0.86) \approx 7.2 \times$ short-run, or about 2 the static SDM estimate