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La violencia en Latinoamérica y sus efectos sobre la inversión y la educación/Violence in Latin America and its Effects in Investment an Education



    () (Departamento de Estructura e Historia Económica y Economía Pública. UNIVERSIDAD DE ZARAGOZA)


    () (Departamento de Estructura e Historia Económica y Economía Pública. UNIVERSIDAD DE ZARAGOZA.)


La región de América Latina se caracteriza por tener las tasas más elevadas de violencia criminal. La elevada violencia, además de traducirse en graves consecuencias sociales, conlleva efectos económicos trascendentales. El presente trabajo trata de profundizar en estos efectos. El mismo ofrece un estudio de la literatura sobre los principales efectos económicos de la violencia. El estudio se acompaña de un análisis de datos de panel para los países de la región, durante el periodo 1995 – 2002, que investiga en la relación entre violencia e inversión en capital físico y humano. Del análisis se desprende que la violencia afecta negativamente a la inversión en capital físico y, a partir de un determinado umbral, a la conclusión de los niveles educativos primarios. The region of Latin America is characterized by having the highest rates of criminal violence. This violence has burning social end economics effects. This paper tries to go into these effects in depth. We make a review of the literature about main economic consequences of violence. In addition, we present a panel data for Latin American countries during the period 1995 to 2002, which analyses the relationship between violence and investment in physical and human capital. This analysis confirms that violence affects negatively to investment in physical capital, and, from a certain threshold, to the primary completion rate.

Suggested Citation

  • Ospina Plaza , Natalia & Giménez Esteban, Gregorio, 2009. "La violencia en Latinoamérica y sus efectos sobre la inversión y la educación/Violence in Latin America and its Effects in Investment an Education," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 781(22á)-78, Diciembre.
  • Handle: RePEc:lrk:eeaart:27_3_13

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    References listed on IDEAS

    1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters,in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
    2. Fajnzylber, Pablo & Lederman, Daniel & Loayza, Norman, 2002. "What causes violent crime?," European Economic Review, Elsevier, vol. 46(7), pages 1323-1357, July.
    3. Heather Berkman, 2007. "Social Exclusion and Violence in Latin America and the Caribbean," IDB Publications (Working Papers) 1962, Inter-American Development Bank.
    4. Jérôme Vandenbussche & Philippe Aghion & Costas Meghir, 2006. "Growth, distance to frontier and composition of human capital," Journal of Economic Growth, Springer, vol. 11(2), pages 97-127, June.
    5. Cao, Liqun & Solomon Zhao, Jihong, 2005. "Confidence in the police in Latin America," Journal of Criminal Justice, Elsevier, vol. 33(5), pages 403-412.
    6. Miron, Jeffrey A, 2001. "Violence, Guns, and Drugs: A Cross-Country Analysis," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 615-633, October.
    7. Kristin J. Forbes, 2000. "A Reassessment of the Relationship between Inequality and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 869-887, September.
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    More about this item


    Violencia; inversión; capital humano; educación; América Latina ; Violence; investment; human capital; education; Latin America.;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • I20 - Health, Education, and Welfare - - Education - - - General
    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean


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