IDEAS home Printed from https://ideas.repec.org/a/taf/oxdevs/v47y2019i4p420-434.html
   My bibliography  Save this article

The effect of violent crime on sector-specific FDI in Latin America

Author

Listed:
  • Luisa R. Blanco
  • Isabel Ruiz
  • Rossitza B. Wooster

Abstract

This article looks at the impact of violent crime on FDI into Latin America and the Caribbean during the 1996–2010 period. FDI is disaggregated into primary, secondary and tertiary sectors and three variables related to violent crime are used: homicides, crime victimization and organized crime. Controlling for institutions and the traditional determinants of FDI, we find that the impact of crime on FDI depends on the sector and types of crime considered. Higher homicide rates are associated with less FDI in the secondary sector while organized crime reduces tertiary sector FDI. Crime victimization has a robust significant negative impact on the tertiary sector and in some estimations of the secondary sector. Crime has no impact on primary sector FDI. Our study highlights the need to continue efforts to decrease crime as we show in our analysis that crime has a negative effect on FDI in the secondary and tertiary sector.

Suggested Citation

  • Luisa R. Blanco & Isabel Ruiz & Rossitza B. Wooster, 2019. "The effect of violent crime on sector-specific FDI in Latin America," Oxford Development Studies, Taylor & Francis Journals, vol. 47(4), pages 420-434, October.
    • Handle: RePEc:taf:oxdevs:v:47:y:2019:i:4:p:420-434
    DOI: 10.1080/13600818.2019.1611754
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13600818.2019.1611754
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13600818.2019.1611754?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abril, Veronica & Perez-Vincent, Santiago & Tobon, Santiago & Vanegas-Arias, Martin, 2022. "How to measure public trust in the police? A framework with an application for Colombia," SocArXiv 89shw, Center for Open Science.
    2. Pick-Soon Ling & Ming K. Lim & Ming-Lang Tseng, 2020. "Assessing Sustainable Foreign Direct Investment Performance in Malaysia: A Comparison on Policy Makers and Investor Perceptions," Sustainability, MDPI, vol. 12(20), pages 1-38, October.
    3. Forgione, Antonio Fabio & Migliardo, Carlo, 2023. "Mafia risk perception: Evaluating the effect of organized crime on firm technical efficiency and investment proclivity," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    4. Sauls, Laura Aileen & Dest, Anthony & McSweeney, Kendra, 2022. "Challenging conventional wisdom on illicit economies and rural development in Latin America," World Development, Elsevier, vol. 158(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:oxdevs:v:47:y:2019:i:4:p:420-434. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CODS20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.