How Crime can Affect Economic Performance through the Application of an ECM-Model: the Case of Guatemala
AbstractCrime has a potentially large impact on economic growth but measuring their economic impact is subject to a great deal of uncertainty. The central objective of this paper is to set forth a model – the economics of crime monitoring model (ECM-Model) – to evaluate the impact of crime can affect economic performance. The model is based on five basic indicators – (i) the total crime frequency rate (β); (ii) the national crime vulnerability rate (μT); (iii) the crime devastation magnitude rate (λ); (iv) the economic desgrowth rate (δ); (v) and the crime vulnerability surface (VV-Surface). In addition, this research applies the ECM-Model in the case of Guatemala to evaluate how crime affects economic performance on small developing country.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44367.
Date of creation: 14 Feb 2013
Date of revision: 14 Feb 2013
Violence; economics of crime; economic desgrowth; Guatemala; Econographicology;
Other versions of this item:
- Ruiz Estrada, Mario Arturo, 2013. "How Crime can Affect Economic Performance through the Application of an ECM-Model: the Case of Guatemala," MPRA Paper 44445, University Library of Munich, Germany, revised 18 Feb 2013.
- Y20 - Miscellaneous Categories - - Introductions and Prefaces - - - Introductions and Prefaces
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ruiz Estrada, Mario Arturo, 2011. "Policy modeling: Definition, classification and evaluation," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 523-536, July.
- Passell, Peter & Taylor, John B, 1977. "The Deterrent Effect of Capital Punishment: Another View," American Economic Review, American Economic Association, vol. 67(3), pages 445-51, June.
- Estrada, Mario Arturo Ruiz & Yap, Su Fei, 2013. "The origins and evolution of policy modeling," Journal of Policy Modeling, Elsevier, vol. 35(1), pages 170-182.
- Gary S. Becker, 1974.
"Crime and Punishment: An Economic Approach,"
in: Essays in the Economics of Crime and Punishment, pages 1-54
National Bureau of Economic Research, Inc.
- Angela K. Dills & Jeffrey A. Miron & Garrett Summers, 2008.
"What Do Economists Know About Crime?,"
NBER Working Papers
13759, National Bureau of Economic Research, Inc.
- Costa, Antonio Maria, 2010. "The economics of crime: A discipline to be invented and a Nobel Prize to be awarded," Journal of Policy Modeling, Elsevier, vol. 32(5), pages 648-661, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.