Reassessing a cocaine shock : a contrary narrative from Rabo de Peixe

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dc.contributor.MentorRossi, Martín
dc.creator.AutorCabral, Juan Andrés
dc.date.accessioned2024-04-30T15:40:25Z
dc.date.available2024-04-30T15:40:25Z
dc.date.issued2024-02
dc.descriptionFil: Cabral, Juan Andrés. Universidad de San Andrés. Departamento de Economía; Argentina.
dc.description.abstractThis work seeks to analyze the effects of an exogenous shock increase in the supply of cocaine using São Miguel Island, Portugal as a case study. Located in the Azores archipelago, the island is politically organized as an autonomous region. In January 2001 half a ton of cocaine unexpectedly washed ashore on Rabo de Peixe, São Miguel, leading to media reports of various alterations on the island, such as a surge in drug dealers and a significant reduction in the drug's price. These events even formed the basis for a documentary and a Netflix series. However, my comprehensive analysis utilizing a Synthetic Control approach paints a contrasting picture. I aimed to examine the short and medium-term repercussions of the increased accessibility of cocaine on São Miguel's crime rates, unemployment, and deaths. Contrary to the narrative constructed by the media and popular culture, I found no significant effects on these outcomes. This study challenges existing media narratives and provides a robust, data-driven insight into the actual impact of this incident on São Miguel.
dc.formatapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10908/23700
dc.languageeng
dc.publisherUniversidad de San Andrés. Departamento de Economía
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleReassessing a cocaine shock : a contrary narrative from Rabo de Peixe
dc.typeTesis
dc.typeinfo:eu-repo/semantics/masterThesis
dc.typeinfo:ar-repo/semantics/tesis de maestría
dc.typeinfo:eu-repo/semantics/updatedVersion
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