Abstract

http://ssrn.com/abstract=1640229
 
 

References (33)



 
 

Citations (3)



 


 



Does Crime Affect Economic Growth?


Claudio Detotto


Universita di Cagliari - Centre for North South Economic Research (CRENOS); Università degli Studi di Sassari

Edoardo Otranto


University of Messina; Universita di Cagliari - Centre for North South Economic Research (CRENOS)


Kyklos, Vol. 63, Issue 3, pp. 330-345, August 2010

Abstract:     
Criminal activity acts like a tax on the entire economy: it discourages domestic and foreign direct investments, it reduces firms' competitiveness, and reallocates resources creating uncertainty and inefficiency. Although the impact of economic variables on crime has been widely investigated, there is not much concern about crime also affecting the overall economic performance. This work aims to bridge this gap by presenting an empirical analysis of the macroeconomic consequences of criminal activity. Italy is the case study for the time span 1979–2002. Dealing with a state space framework, a time varying parameter approach is employed to measure the impact of criminality on real Gross Domestic Product along time, and to measure the asymmetric impact in recession and expansion periods. The analysis is completed evaluating the effects of crime fluctuations in the long period by an impulse response analysis.

Number of Pages in PDF File: 16

Accepted Paper Series


Date posted: July 19, 2010  

Suggested Citation

Detotto, Claudio and Otranto, Edoardo, Does Crime Affect Economic Growth?. Kyklos, Vol. 63, Issue 3, pp. 330-345, August 2010. Available at SSRN: http://ssrn.com/abstract=1640229 or http://dx.doi.org/10.1111/j.1467-6435.2010.00477.x

Contact Information

Claudio Detotto
Universita di Cagliari - Centre for North South Economic Research (CRENOS) ( email )
V. S. Ignazio 78
Cagliari, 09124
ITALY
Università degli Studi di Sassari ( email )
Piazza Universita
Sassari, 07100
Italy
Edoardo Otranto
University of Messina ( email )
Piazza Pugliatti, 1
Messina, 98122
Italy
Universita di Cagliari - Centre for North South Economic Research (CRENOS) ( email )
V. S. Ignazio 78
Cagliari, 09124
Italy
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