Is Crime a Barrier Against Financial Development?

Atharva Abhyankar

MPRA Paper from University Library of Munich, Germany

Abstract: Using cross-country data, this paper analyzes the relationship between crime rates and their effects on financial development at the national level. To do this, I take several financial variables and compare them with three main crime variables- homicide, fraud, and corruption- and plot significant correlations to analyze trends. The results show that while fraud and corruption have no adverse effects on financial development variables, they are positively correlated with several of them, and intentional homicide is quite detrimental to countries’ financial development.

Keywords: Financial development; crime; cross-country data (search for similar items in EconPapers)
JEL-codes: G10 G20 K00 (search for similar items in EconPapers)
Date: 2022-09-21
New Economics Papers: this item is included in nep-fdg and nep-law
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114653

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