PUBLIC POLICIES, SOCIO-ECONOMIC ENVIRONMENT AND CRIMES IN PAKISTAN: A TIME SERIES ANALYSIS

Amjad Ali and Chan Bibi
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Chan Bibi: Advocate High Court Lahore, International Islamic University, Islamabad (LLM. Scholar in International Law). chanali.lawyer@yahoo.com

Bulletin of Business and Economics (BBE), 2020, vol. 9, issue 1, 1-11

Abstract: This article attempts to analyze the impact of public policies about taxes, defense expenditures, loans and grants on crimes in Pakistan over the period from 1980 to 2019. Autoregressive Distributed Lag (ARDL) approach has utilized to check cointegration among the variables of the model and Vector Error-Correction model is applied for estimating short run dynamics of the model. The outcomes of the analysis show that defense expenditures, loans and grants more taxes and rising economic misery have a positive and significant impact on crime rates in the case of Pakistan. For the reduction of crime rate government of Pakistan must reduce taxes, defense expenditures, loans and grants and economic misery in the country. For reducing unemployment, government of Pakistan must establish such economic environment which boost new jobs and stable inflation. Moreover, skill development programs must be initiated, so that youth can get self-employment rather than searching government and private jobs. Inflation can be controlled by putting checks on rising production costs.

Keywords: inflation; unemployment; crime rate; public policy (search for similar items in EconPapers)
JEL-codes: E31 J18 J64 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (20)

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Related works:
Working Paper: Public Policies, Socio-Economic Environment and Crimes in Pakistan: A Time Series Analysis (2020)
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