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.
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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
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