An Economic Analysis Of Coca Eradication Policy In Colombia
We estimate an econometric model of coca production in Colombia. Our results indicate that coca eradication is an ineffective means of supply control as farmers compensate by cultivating the crop more extensively. The evidence further suggests that incentives to produce legal substitute crops may have greater supply-reducing potential than eradication.
|Date of creation:||2002|
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National Bureau of Economic Research, Inc.
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