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Efecto del gasto en seguridad en Bienestar y crecimiento económicos en México: Una perspectiva de optimización dinámica
[Effect of security spending on welfare and economic growth in Mexico: a dynamic optimization perspective]

Author

Listed:
  • Hernández-Bautista, Oscar Iván
  • Venegas-Martínez, Francisco

Abstract

RESUMEN: El presente trabajo examina el impacto en el crecimiento económico del gasto en materia de seguridad nacional cuando éste se destina a combatir al crimen organizado. El problema se aborda desde una perspectiva neoclásica, empleando para ello un modelo de crecimiento endógeno estocástico, con el cual se analizan las relaciones dinámicas entre el gasto en seguridad y el crecimiento económico. Se supone que el gasto del crimen organizado sigue un proceso estocástico con reversión a la media, es decir, el gasto tiende a un valor medio en el largo plazo y la rapidez de convergencia es modulada por un parámetro de velocidad de ajuste. Los resultados obtenidos con el modelo propuesto sugieren que hay una repercusión positiva en el crecimiento económico del gasto en seguridad y que depende de la aversión al riesgo de los agentes, mientras que un incremento en los recursos que el crimen organizado emplea para su confrontación contra el estado repercute directamente en forma negativa al crecimiento económico. / ABSTRACT: This paper examines the impact on economic growth of national security spending when used to combat organized crime. The problem is approached from a neoclassical perspective, using a stochastic endogenous growth model, which analyzes the dynamic relationships between security spending and economic growth. It is assumed that organized crime spending follows a mean-reverting stochastic process, that is, spending tends to an average value in the long run and the speed of convergence is modulated by a speed of adjustment parameter. The results obtained with the proposed model suggest that there is a positive impact on economic growth of spending on security and that it depends on the risk aversion of the agents, while an increase in the resources that the organized crime uses for its confrontation with the state has a direct negative impact on economic growth.

Suggested Citation

  • Hernández-Bautista, Oscar Iván & Venegas-Martínez, Francisco, 2023. "Efecto del gasto en seguridad en Bienestar y crecimiento económicos en México: Una perspectiva de optimización dinámica [Effect of security spending on welfare and economic growth in Mexico: a dyna," MPRA Paper 117145, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117145
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    References listed on IDEAS

    as
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    4. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
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    More about this item

    Keywords

    Equilibrio general; gasto en seguridad pública; crecimiento económico. / General equilibrium; spending on public safety; economic growth.;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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