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Drugs and Growth-Efficient Prevention: An Inter-temporal Portfolio of Machos, Narcos and Angels

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Abstract

In many countries substance abuse is a social epidemic. This paper deals conceptually with some macroeconomic aspects of widespread substance abuse with special reference to narcotic drugs. The labour force is divided into non-using and therefore fully productive workers, a number of whom are employed by the government in drug-use prevention, and only partially productive drug users. An efficient management of the nation’s portfolio of workers is taken to be the trajectory of drug-prevention that maximises the present value of the stream of the disposable national incomes.

Suggested Citation

  • Levy, Amnon & Neri, Frank, 2003. "Drugs and Growth-Efficient Prevention: An Inter-temporal Portfolio of Machos, Narcos and Angels," Economics Working Papers wp03-09, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp03-09
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012150.pdf
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    References listed on IDEAS

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    1. Axel Klein, 1999. "Nigeria & the drugs war," Review of African Political Economy, Taylor & Francis Journals, vol. 26(79), pages 51-73.
    2. Chris Allen, 1999. "Africa & the drugs trade," Review of African Political Economy, Taylor & Francis Journals, vol. 26(79), pages 5-11.
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    1. Levy, Amnon & Neri, Frank & Grass, Dieter, 2006. "Macroeconomic Aspects Of Substance Abuse: Diffusion, Productivity And Optimal Control," Macroeconomic Dynamics, Cambridge University Press, vol. 10(2), pages 145-164, April.

    More about this item

    Keywords

    Substance abuse; labour productivity; national income;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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