Does Crime Lower Growth?
Mauricio Cardenas () and
No 28005 in World Bank Publications from The World Bank
Many analysts consider that lack of security is a major obstacle to growth in Colombia. This paper identifies a structural downturn in economic growth-of nearly two percentage points per year-as a result of the increase in illicit crops and crime rates after 1980. A decline in total factor productivity has been the key channel linking crime and economic growth. Political upheavals and high levels of inequality and poverty motivated the adoption of a new constitution in 1991. The constitution mandated additional fiscal expenditures to curb social tensions. Major progress has been made in terms of public safety and, to a lesser extent, in the provision of health and education. However, long?run growth will continue to be constrained by inadequate transport infrastructure and low international trade volumes.
Keywords: Macroeconomics; and; Economic; Growth; -; Economic; Growth; Macroeconomics; and; Economic; Growth; -; Economic; Theory; &; Research; Poverty; Reduction; -; Achieving; Shared; Growth; Social; Development; -; Crime; and; Society (search for similar items in EconPapers)
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