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022 _a13504851
040 _aMSU
_cMSU
_erda
_bEnglish
050 0 0 _aHB1.A666 APP
100 1 _aGoulas, Eleftherios
_eauthor
245 1 0 _aEconomic growth and crime:
_bdoes uncertainty matter?/
_ccreated by Eleftherios Goulas and Athina Zervoyianni
264 1 _aNew York:
_bTaylor and Francis,
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aApplied economics letters
_vVolume 20, number 5
520 3 _aThis 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%.
650 _aGrowth
_vCrime
_xUncertainty
700 1 _aZervoyianni, Athina
_eauthor
856 _uhttps://doi.org/10.1080/13504851.2012.709596
942 _2lcc
_cJA
999 _c162941
_d162941