Assessing the impact of crime on the economic performance: the case of central america

Crime is obviously a menace to economic growth and progress, but to acutely understand the enormity of its impact on economic performance for effective policy action, requires a credible means of measurement. Given the crime notoriety of the most of Central America and the struggling state of their...

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Bibliographic Details
Published in:Quality & quantity 2016-05, Vol.50 (3), p.1201-1211
Main Authors: Estrada, Mario Arturo Ruiz, Ndoma, Ibrahim
Format: Article
Language:English
Subjects:
Analysis
Cold War
Corruption
Crime
Economic aspects
Economic conditions
Economic development
Economic growth
Economic impact
Economic policy
Forecasts and trends
Ideology
International trade
Methodology of the Social Sciences
Politics
Social Sciences
Studies
Telecommunications systems
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Summary:Crime is obviously a menace to economic growth and progress, but to acutely understand the enormity of its impact on economic performance for effective policy action, requires a credible means of measurement. Given the crime notoriety of the most of Central America and the struggling state of their economies, this article attempts to discern from econometric evaluation and analyses, the calculable economic impact of crime on the region’s economic progress. From analyses of results, we find the model to be credible and useful following its provision of a much more accurate degree to which crime affects economic performance in Central America, which we find critical to guide policy measures.
ISSN:0033-5177
1573-7845
DOI:10.1007/s11135-015-0198-9