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Article: Study: Smoking ban hurts sales ; Federal Reserve report cites 5 percent decline.
- Article from:
- Columbia Daily Tribune
- Article date:
- December 12, 2007
- Author:
CopyrightCopyright 2007 Columbia Daily Tribune. Provided by ProQuest LLC. (Hide copyright information)
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Columbia's dining establishments have seen about a 5 percent
average decrease in sales since the local smoking ban took effect
Jan. 9, according to a new report that studied the economic impact
of the ban in its first seven months.
The report was conducted by Michael Pakko, a research officer and
economist with the Federal Reserve Bank of St. Louis. He examined
monthly sales-tax revenues for bars and restaurants from January
2001 to July 2007 to see if the smoking ban had an impact.
In his report, Pakko said he found a 5 percent downturn in dining-
tax revenue associated with the smoking ban, independent of other
variables such as seasonality, an overall downturn in retails sales
and an ...