|Titre :||Drug decriminalization and the price of illicit drugs (2017)|
|Auteurs :||S. FELIX ; P. PORTUGAL|
|Type de document :||Article : Périodique|
|Dans :||International Journal of Drug Policy (Vol.39, January 2017)|
|Article en page(s) :||121-129|
|Discipline :||MAR (Marché de la drogue / Drug market)|
Thésaurus TOXIBASEDECRIMINALISATION ; PRODUIT ILLICITE ; PRIX ; OPIACES ; COCAINE ; EVOLUTION ; MODELE STATISTIQUE
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.
|Domaine :||Drogues illicites / Illicit drugs|
|Affiliation :||Nova School of Business and Economics, Universidade Nova de Lisboa, Lisbon, Portugal|