This publication, entitled the CEPAL Review, is covered in the Social Sciences Citation Index (SSCI), published by Thomson ISI, and in the Journal of Economic Literature (JEL), published by the American Economic Association
The socioeconomic cost of illicit drug consumption in Chile
Matías Fernández H. is a researcher and teaching professor at the Institute of Sociology, Universidad Católica de Chile
Abstract
Abstract
This article estimates the magnitude of monetary resources which Chile loses or forgoes owing to the trafficking and consumption of illicit drugs. On the basis of a “cost-of-illness” methodology, it is estimated that in 2006 drug consumption in Chile represented an economic burden of 266.744 billion pesos —or US$ 503 million in current prices that year— equivalent to 0.45% of gross domestic product (gdp) and a per capita cost of 16,232 Chilean pesos or US$ 31. The bulk of this sum is related to law enforcement for drug crime or other related offences (47%) and productivity losses reflected in the burden of disability-adjusted life years (46%).