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The Opium Wars, Opium Legalization, and Opium Consumption in China / Jeffrey A. Miron, Chris Feige.
- Format:
- Book
- Author/Creator:
- Miron, Jeffrey A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11355.
- NBER working paper series no. w11355
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- The effect of drug prohibition on drug consumption is a critical issue in debates over drug policy. One episode that provides information on the consumption-reducing effect of drug prohibition is the Chinese legalization of opium in 1858. In this paper we examine the impact of China's opium legalization on the quantity and price of British opium exports from India to China during the 19th century. We find little evidence that legalization increased exports or decreased price. Thus, the evidence suggests China's opium prohibition had a minimal impact on opium consumption.
- Notes:
- Print version record
- May 2005.
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