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Francesco Bogliacino and Alberto J. Naranjo
''Coca Leaves Production and Eradication: A General Equilibrium Analysis''
( 2012, Vol. 32 No.1 )
Law enforcement against illegal drug markets like coca leaf production have created big debate about its consequences and effectiveness. Since this enfocerment does not only affect the illegal market but also the legal ones it is then necessary to study its effects and effectiveness within a general equilibrium framework. This is the first contribution of this note. Moreover, using a unique database on Colombia we make a robust econometric check for the main results: we show that standard erradication policy have counterintuitive effects and do not reduce the production.
Keywords: General Equilibrium, Three Stages Least Squares, Illegal Economy, Colombia
JEL: K4 - Legal Procedure, the Legal System, and Illegal Behavior: General
O5 - Economywide Country Studies: General
Manuscript Received : Jul 10 2011 Manuscript Accepted : Jan 27 2012

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