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.

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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
Divisions: Schools > Nottingham Business School
Record created by: Jonathan Gallacher
Date Added: 07 Nov 2019 09:30
Last Modified: 07 Nov 2019 10:06
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