Clements, Kenneth W.; Daryal, Mert; Lan, Yihui - Department of Economics, Business School - 2005
shock to one product. The framework is used to analyse the impact on drinking of legalisation of marijuana. For all types of … consumers for example, the results indicate that legalisation would led to approximately a 4-percent increase in marijuana … legalisation of marijuana. These notes set out the derivations of the standard errors of their projections. …
