Would Liberalization Lead to Epidemic Cocaine Consumption?
This article uses cross-country data to estimate the potential effect of drastic reductions in the price of cocaine on the share of the population that consumes this drug. In order to identify movements along the cocaine consumption/demand function, this article instruments for cocaine prices with v...
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| Format: | Journal Article |
| Language: | en_US |
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Taylor and Francis
2013
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| Online Access: | http://hdl.handle.net/10986/13346 |
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okr-10986-133462021-04-23T14:03:08Z Would Liberalization Lead to Epidemic Cocaine Consumption? Loayza, Norman V. Sugawara, Naotaka drug policy liberalization drug prohibition cocaine consumption This article uses cross-country data to estimate the potential effect of drastic reductions in the price of cocaine on the share of the population that consumes this drug. In order to identify movements along the cocaine consumption/demand function, this article instruments for cocaine prices with variables that affect the supply of cocaine. Liberalization of drug policies would produce an increase in the prevalence of cocaine consumption. However, the quantitative evidence presented here suggests that, even if substantial, this increase would not amount to epidemic cocaine use. 2013-05-09T16:26:26Z 2013-05-09T16:26:26Z 2012-03-05 Journal Article Applied Economics Letters 1350-4851 http://hdl.handle.net/10986/13346 en_US Applied Economics Letters;19(14) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
drug policy liberalization drug prohibition cocaine consumption |
| spellingShingle |
drug policy liberalization drug prohibition cocaine consumption Loayza, Norman V. Sugawara, Naotaka Would Liberalization Lead to Epidemic Cocaine Consumption? |
| relation |
Applied Economics Letters;19(14) |
| description |
This article uses cross-country data to estimate the potential effect of drastic reductions in the price of cocaine on the share of the population that consumes this drug. In order to identify movements along the cocaine consumption/demand function, this article instruments for cocaine prices with variables that affect the supply of cocaine. Liberalization of drug policies would produce an increase in the prevalence of cocaine consumption. However, the quantitative evidence presented here suggests that, even if substantial, this increase would not amount to epidemic cocaine use. |
| format |
Journal Article |
| author |
Loayza, Norman V. Sugawara, Naotaka |
| author_facet |
Loayza, Norman V. Sugawara, Naotaka |
| author_sort |
Loayza, Norman V. |
| title |
Would Liberalization Lead to Epidemic Cocaine Consumption? |
| title_short |
Would Liberalization Lead to Epidemic Cocaine Consumption? |
| title_full |
Would Liberalization Lead to Epidemic Cocaine Consumption? |
| title_fullStr |
Would Liberalization Lead to Epidemic Cocaine Consumption? |
| title_full_unstemmed |
Would Liberalization Lead to Epidemic Cocaine Consumption? |
| title_sort |
would liberalization lead to epidemic cocaine consumption? |
| publisher |
Taylor and Francis |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13346 |
| _version_ |
1764423254574891008 |