Download This PaperThe Effects of Drug Use on Capital Accumulation
8 Pages Posted: 31 May 2012
Date Written: May 30, 2012
Abstract
This paper analyzes the effects of drug use on capital accumulation in a modified version of the Ramsey’s model. We show that the equilibrium per capita stock of capital is smaller than in the original model, which implies that drug use has a negative impact on capital accumulation.
Keywords: Drug use, Willingness to work
JEL Classification: K42, K49
Suggested Citation: Suggested Citation
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