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Impacts of the Drug Trade on Latin American Food Production

Author

Listed:
  • Palma, Marco
  • Ribera, Luis
  • Bessler, David A.

Abstract

This article compiles several sources of drug data to provide an analysis of supply and demand factor influencing the drug trade, including potential effects to agricultural production. All effects were found to be contemporaneously independent with the exception of coca production causing arrests in the U.S. Significant lagged effects were found linking agricultural production and coca production. Seizures and arrests were found to have a lagged deterrent effect on coca production. Seizures and arrests had lagged effects in explaining the variance of each other. It is likely that arrests increase intelligence information, resulting in more seizures and eventually more arrests.

Suggested Citation

  • Palma, Marco & Ribera, Luis & Bessler, David A., 2015. "Impacts of the Drug Trade on Latin American Food Production," 2015 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2015, Boston, Massachusetts 189693, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:assa15:189693
    DOI: 10.22004/ag.econ.189693
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    References listed on IDEAS

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    1. McKenzie, Andrew M. & Goodwin, Harold L. & Carreira, Rita I., 2009. "Alternative Model Selection Using Forecast Error Variance Decompositions in Wholesale Chicken Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 41(1), pages 227-240, April.
    2. Bernanke, Ben S., 1986. "Alternative explanations of the money-income correlation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 49-99, January.
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