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Lim, K.Y. 
ORCID: 0000-0003-1978-176X and Morris, D. ORCID: 0000-0001-9268-1293,
2019.
Modeling the drugs and guns trade in a two-country model with endogenous growth.
Nottingham: Nottingham Trent University.
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Abstract
This paper develops a two-country, dynamic general equilibrium model of endogenous growth with illicit drugs and guns trade. With a trade framework that unifies both drug-control policies in consuming- and producing-country, as well as explicit modeling of firearm trade, the model is solved and parameterized to study the dynamic trade-off and growth effects of various drug-control policies. A production-consumption growth trade-off not previously documented in the literature is found. Further, under different conditions, and depending on the resulting gain in formal trade expansion, there are economic rationale to either a prohibitive or liberalization drug-control policy.
| Item Type: | Working paper | ||||
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| Description: | Discussion papers in economics; no. 2019/1 | ||||
| Creators: | Lim, K.Y. and Morris, D. | ||||
| Publisher: | Nottingham Trent University | ||||
| Place of Publication: | Nottingham | ||||
| Date: | January 2019 | ||||
| Number: | 2019/1 | ||||
| ISSN: | 1478-9396 | ||||
| Identifiers: |
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| Divisions: | Schools > Nottingham Business School | ||||
| Record created by: | Jonathan Gallacher | ||||
| Date Added: | 07 Nov 2019 09:30 | ||||
| Last Modified: | 07 Nov 2019 10:06 | ||||
| Related URLs: | |||||
| URI: | https://irep.ntu.ac.uk/id/eprint/38137 |
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