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

Lim, KY ORCID: https://orcid.org/0000-0003-1978-176X and Morris, D ORCID: https://orcid.org/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
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:	Number Type 1204631 Other
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:	Publisher
URI:	https://irep.ntu.ac.uk/id/eprint/38137

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