Economic Growth and Crime: Does Uncertainty Matter?
Eleftherios Goulas () and
Athina Zervoyianni ()
Working Paper series from Rimini Centre for Economic Analysis
This paper contributes to the crime literature by exploring how the crime-uncertainty interaction impacts on economic growth. Using a panel of 25 countries over the period 1991-2007, we find evidence suggesting that increased crime has an asymmetric effect on growth depending on the future prospects of the economy as reflected in the degree of macroeconomic uncertainty. In particular, our results indicate that higher-than-average macroeconomic uncertainty enhances the adverse impact of crime on growth implying that a 10% increase in the crime rate can reduce annual per-capita GDP-growth by between 0.49 and 0.62 percent.
Keywords: growth; crime; uncertainty (search for similar items in EconPapers)
JEL-codes: O40 K14 D80 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-fdg and nep-law
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Journal Article: Economic growth and crime: does uncertainty matter? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:51_12
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