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Does crime affect economic growth?

Detotto, Claudio and Otranto, Edoardo (2010) Does crime affect economic growth? Kyklos, Vol. 63 (3), p. 330-345. eISSN 1467-6435. Article.

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DOI: 10.1111/j.1467-6435.2010.00477.x

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.

Item Type:Article
ID Code:5939
Status:Published
Refereed:Yes
Uncontrolled Keywords:Criminal activity, macroeconomic consequences, analysis
Subjects:Area 13 - Scienze economiche e statistiche > SECS-S/01 Statistica
Divisions:001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:Blackwell / Wiley
eISSN:1467-6435
Deposited On:14 Apr 2011 10:55

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