Modeling the drugs and guns trade in a two-country model with endogenous growth

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.

[img]
Preview
Text
1204631_Lim.pdf - Published version

Download (925kB) | Preview

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
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:
NumberType
1204631Other
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

Actions (login required)

Edit View Edit View

Views

Views per month over past year

Downloads

Downloads per month over past year