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Drug Use and Capital Accumulation

Author

Listed:
  • Tito Moreira

    (Universidade Católica de Brasilia)

  • Ricardo Araujo

    (Universidade Catolica e Brasilia)

  • Adolfo Sachsida

    (Universidade Catolica de Brasilia)

Abstract

This paper admits that people are drug users and analyzes whether drug use affects the modified golden rule in the Ramsey model approach. The results show that in a steady state, this model's capital productivity is smaller than in the Ramsey model. However, the optimal intertemporal allocation of resources is ambiguous when the elasticity between drug use and the willingness to work is not null.

Suggested Citation

  • Tito Moreira & Ricardo Araujo & Adolfo Sachsida, 2002. "Drug Use and Capital Accumulation," Economics Bulletin, AccessEcon, vol. 28(10), pages 1.
    • Handle: RePEc:ebl:ecbull:eb-02aa0013
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    File URL: http://www.accessecon.com/pubs/EB/2002/Volume28/EB-02AA0013A.pdf
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    More about this item

    JEL classification:

    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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