How crime affects economic performance: The case of Guatemala

The impact of crime on economic growth is obviously substantial, but measuring the degree of its effects on a country's economic performance is subject to a great deal of uncertainty. This paper primarily attempts to close this gap using the economics of crime monitoring model, a new economic i...

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Bibliographic Details
Published in:Journal of policy modeling 2014-09, Vol.36 (5), p.867-882
Main Authors: Estrada, Mario Arturo Ruiz, Ndoma, Ibrahim
Format: Article
Language:English
Subjects:
Crime
ECM-Model
Economic growth
Economic impact
Economic performance
Economic theory
Growth models
Guatemala
Latin America
Law
Studies
Uncertainty
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Summary:The impact of crime on economic growth is obviously substantial, but measuring the degree of its effects on a country's economic performance is subject to a great deal of uncertainty. This paper primarily attempts to close this gap using the economics of crime monitoring model, a new economic instrument that could be used to evaluate the impact of crime on economic performance. Guatemala was used to illustrate the applicability of the model from where analyses provide a coherent evaluation of the degree to which crime can affect a country's economic performance.
ISSN:0161-8938
1873-8060
DOI:10.1016/j.jpolmod.2014.09.002