The Impact of Crime against a Person on Domestic Investment in Dubai

Hatem Adela () and Wadeema Aldhaheri
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Hatem Adela: Department of Economics, American University in the Emirates, Dubai P.O. Box 28282, United Arab Emirates
Wadeema Aldhaheri: College of Islamic Studies, Mohamed Bin Zayed University for Humanities, Signal 23, Abu Dhabi P.O. Box 106621, United Arab Emirates

JRFM, 2024, vol. 17, issue 2, 1-17

Abstract: The rise in crime against a person in rapidly growing cities poses significant risks to societies and economies, affecting both microeconomic and macroeconomic aspects. This trend could potentially deter economic performance and domestic investment. Consequently, this study aims to analyze the impact of crime against a person on domestic investment in Dubai spanning 1989–2021. Dubai is considered an emerging economy and a highly competitive global city. It is also acknowledged as one of the world’s smart cities. This study employed the novel nonlinear autoregressive distributed lag (NARDL) approach to investigate the impact of both the escalation and contraction of crime against a person on domestic investment in Dubai. The findings exhibit that the fluctuation in crime against a person has an asymmetrical impact on domestic investment. In addition, estimations of the positive and negative long-run asymmetric coefficients indicate that crime against a person has a negative impact on domestic investment in Dubai.

Keywords: domestic investment; crime against a person; gross domestic product; nonlinear autoregressive distributed lag; long-run relationship; Dubai (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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