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The Incidence of Crime on Industry‐Level Foreign Direct Investment: An Assessment of OECD Member Countries

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  • Leanora Brown
  • Keva Hibbert

Abstract

In this article, we assess whether the incidence of crime helps to explain the variation in sectoral FDI flows. Using a panel of 29 Organization of Economic Co‐operation and Development (OECD) countries for the period 2003–2012, we employ a generalized method of moments (GMM) estimation strategy due to the potential for endogeneity between our variables of interest. Our results indicate that crime deters investment to the service sector. In particular, this effect is observed in the following service industry subsector: financial services. Policymakers interested in boosting FDI in the affected sectors should be concerned with policies that focus on the reduction of criminal activities.

Suggested Citation

  • Leanora Brown & Keva Hibbert, 2019. "The Incidence of Crime on Industry‐Level Foreign Direct Investment: An Assessment of OECD Member Countries," Social Science Quarterly, Southwestern Social Science Association, vol. 100(4), pages 1228-1240, June.
    • Handle: RePEc:bla:socsci:v:100:y:2019:i:4:p:1228-1240
    DOI: 10.1111/ssqu.12624
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    Cited by:

    1. Romana Gargano & Ferdinando Ofria, 2021. "The influence of BES territorial indicators on economic performance of manufacturing firms," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 75(4), pages 42-52, October-D.
    2. Godwin Okafor & Obiajulu Ede, 2023. "Kidnapping rate and capital flight: Empirical evidence from developing countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2590-2606, July.

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