Historique
Article de Périodique
Drug decriminalization and the price of illicit drugs (2017)
Auteur(s) :
FELIX, S. ;
PORTUGAL, P.
Année
2017
Page(s) :
121-129
Langue(s) :
Anglais
Domaine :
Drogues illicites / Illicit drugs
Discipline :
MAR (Marchés / Markets)
Thésaurus géographique
PORTUGAL
Thésaurus mots-clés
DECRIMINALISATION
;
PRODUIT ILLICITE
;
PRIX
;
OPIACES
;
COCAINE
;
EVOLUTION
;
MODELE STATISTIQUE
Résumé :
Background: This study is an empirical assessment of the impact of the drug decriminalization policy followed by Portugal in July 2001, on the price of illicit drugs.
Methods: The analysis is performed using a difference-in-differences approach and the Synthetic Control Method in order to construct a synthetic control unit from a convex combination of countries.
Results: The results suggest that the prices of opiates and cocaine in the post-treatment period did not decrease in the sequence of the policy change.
Conclusion: We conclude that the drug decriminalization policy seems to have caused no harm through lower illicit drugs prices, which would lead to higher drug usage and dependence.
Methods: The analysis is performed using a difference-in-differences approach and the Synthetic Control Method in order to construct a synthetic control unit from a convex combination of countries.
Results: The results suggest that the prices of opiates and cocaine in the post-treatment period did not decrease in the sequence of the policy change.
Conclusion: We conclude that the drug decriminalization policy seems to have caused no harm through lower illicit drugs prices, which would lead to higher drug usage and dependence.
Affiliation :
Nova School of Business and Economics, Universidade Nova de Lisboa, Lisbon, Portugal
Cote :
Abonnement