Assessing the Impact of Crime on the Economic Performance: The Case of Central America
Quality and Quantity Journal, Volume 50, Issue 3, pp 1201-1211, May 2016
Posted: 23 May 2015 Last revised: 25 Jun 2016
Date Written: May 21, 2015
Crime is obviously a menace to economic growth and progress, but to acutely understand the enormity of its impact on economic performance for effective policy action, requires a credible means of measurement. Given the crime notoriety of the most of Central America and the struggling state of their economies, this article attempts to discern from econometric evaluation and analyses, the calculable economic impact of crime on the region’s economic progress. From analyses of results, we find the model to be credible and useful following its provision of a much more accurate degree to which crime affects economic performance in Central America, which we find critical to guide policy measures.
Keywords: Crime, Economic performance, ECM-model, Central America
JEL Classification: Y20
Suggested Citation: Suggested Citation