How Crime Affects Economic Performance Through the Application of the ECM-Model: The Case of Guatemala

Posted: 4 Sep 2014 Last revised: 28 Feb 2015

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Date Written: September 3, 2014

Abstract

The impact of crime on economic growth is obviously substantial, but measuring the degree of its effects on a country’s economic performance is subject to a great deal of uncertainty. This paper primarily attempts to close this gap using the economics of crime monitoring model, a new economic instrument that could be used to evaluate the impact of crime on economic performance. Guatemala was used to illustrate the applicability of the model from where analyses provide a coherent evaluation of the degree to which crime can affect a country’s economic performance.

Keywords: Crime, economic performance, ECM-Model, Guatemala

JEL Classification: Y20

Suggested Citation

Ruiz Estrada, Mario Arturo and Ndoma, Ibrahim, How Crime Affects Economic Performance Through the Application of the ECM-Model: The Case of Guatemala (September 3, 2014). Journal of Policy Modeling, Vol. 36, No. 5, 2014. Available at SSRN: https://ssrn.com/abstract=2490860

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

University of Malaya
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

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