The Grow Th of Illicit Drugs M Arkets in the Uk 1978-99
نویسنده
چکیده
W e use a number of aggregate indicators to construct an index of market size for each of eight illicit drugs. These indices can be constructed routinely on an annual basis and are suitable as a baseline against which to judge the impact of anti-drugs policies. KEYW ORDS Illicit drug markets; latent variables; cubic spline trend JEL CLASSIFICATION C43, C82, K42 *I am grateful to John Corkery and Clare Sharp of the Home Office for valuable advice and for giving me access to BCS and drugs seizures data. Neither they nor the Home Office bear any responsibility for the highly speculative use I have made of these data. Address for correspondence: Department of Economics, University of Leicester, University Road, Leicester LE1 7RH. E-mail: sep2@ le.ac.uk 2
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