How Crime can Affect Economic Performance through the Application of an ECM-Model: the Case of Guatemala

Mario Ruiz Estrada

MPRA Paper from University Library of Munich, Germany

Abstract: Crime has a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of this paper is to set forth a model – the economics of crime monitoring model (ECM-Model) – to evaluate the impact of crime can affect economic performance. The model is based on five basic indicators – (i) the total crime frequency rate (β); (ii) the national crime vulnerability rate (μT); (iii) the crime devastation magnitude rate (λ); (iv) the economic desgrowth rate (δ); (v) and the crime vulnerability surface (VV-Surface). In addition, this research applies the ECM-Model in the case of Guatemala to evaluate how crime affects economic performance on small developing country.

Keywords: Violence; economics of crime; economic desgrowth; Guatemala; Econographicology (search for similar items in EconPapers)
JEL-codes: Y20 (search for similar items in EconPapers)
Date: 2013-02-14, Revised 2013-02-14
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Working Paper: How Crime can Affect Economic Performance through the Application of an ECM-Model: the Case of Guatemala (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44367

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