Economic growth and crime: does uncertainty matter?/
Goulas, Eleftherios
Economic growth and crime: does uncertainty matter?/ created by Eleftherios Goulas and Athina Zervoyianni - Applied economics letters Volume 20, number 5 .
This article contributes to the crime literature by exploring how the crime–uncertainty interaction impacts on economic growth. Using a panel of 25 countries over the period 1991 to 2007, we find evidence suggesting that increased crime has an asymmetric effect on growth depending on the future prospects of the economy as reflected in the degree of macroeconomic uncertainty. In particular, our results indicate that higher-than-average macroeconomic uncertainty enhances the adverse impact of crime on growth implying that a 10% increase in the crime rate can reduce annual per-capita GDP growth by between 0.49% and 0.62%.
13504851
Growth--Uncertainty--Crime
HB1.A666 APP
Economic growth and crime: does uncertainty matter?/ created by Eleftherios Goulas and Athina Zervoyianni - Applied economics letters Volume 20, number 5 .
This article contributes to the crime literature by exploring how the crime–uncertainty interaction impacts on economic growth. Using a panel of 25 countries over the period 1991 to 2007, we find evidence suggesting that increased crime has an asymmetric effect on growth depending on the future prospects of the economy as reflected in the degree of macroeconomic uncertainty. In particular, our results indicate that higher-than-average macroeconomic uncertainty enhances the adverse impact of crime on growth implying that a 10% increase in the crime rate can reduce annual per-capita GDP growth by between 0.49% and 0.62%.
13504851
Growth--Uncertainty--Crime
HB1.A666 APP