EconPapers    
Economics at your fingertips  
 

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

King Yoong Lim () and Diego Morris ()

Working Papers from Nottingham Trent University, Nottingham Business School, Economics Division

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 unies 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.

Keywords: Endogenous Growth; Drugs; Illicit Trade; Organized Crime (search for similar items in EconPapers)
JEL-codes: E26 F59 O41 O54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-gro and nep-mac
Date: 2019-01
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.ntu.ac.uk/__data/assets/pdf_file/0032/7 ... drugs-guns-trade.pdf First version, 2018 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbs:wpaper:2019/01

Access Statistics for this paper

More papers in Working Papers from Nottingham Trent University, Nottingham Business School, Economics Division
Bibliographic data for series maintained by King Lim ().

 
Page updated 2019-10-10
Handle: RePEc:nbs:wpaper:2019/01