In this paper we prove that the cone of effective divisors on the Kontsevich moduli spaces of stable maps, $\Kgnb{0,0}(\PP^r,d)$, stabilize when $r \geq d$. We give a complete characterization of the effective divisors on $\Kgnb{0,0}(\PP^d,d)$. They are non-negative linear combinations of boundary divisors and the divisor of maps with degenerate image.