How Crime Affects Economic Performance: The Case of Guatemala

Posted: 7 Jun 2014 Last revised: 20 Oct 2014

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

Akademia Ekonomiczno-Humanistyczna w Warszawie; Universidad de San Carlos de Guatemala

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

Multiple version iconThere are 2 versions of this paper

Date Written: March 1, 2013

Abstract

Crime 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 on 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 in a small developing country.

Keywords: Violence, economics of crime, economic desgrowth, Guatemala, Econographicology

JEL Classification: Y20

Suggested Citation

Ruiz Estrada, Mario Arturo and Ndoma, Ibrahim, How Crime Affects Economic Performance: The Case of Guatemala (March 1, 2013). Journal of Policy Modeling, Vol. 36, No. 5, 867-882, Available at SSRN: https://ssrn.com/abstract=2446757

Mario Arturo Ruiz Estrada (Contact Author)

Akademia Ekonomiczno-Humanistyczna w Warszawie ( email )

Okopowa 59, 01-043 Warsaw, Poland
Warsaw, 00-007
Poland
0 (Phone)
0 (Fax)

HOME PAGE: http://https://vizja.pl/

Universidad de San Carlos de Guatemala ( email )

Ciudad Universitaria Zona 12
Guatemala City, Guatemala city 01012
Guatemala
0 (Phone)
0 (Fax)

HOME PAGE: http://www.usac.edu.gt

Ibrahim Ndoma

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

University of Malaya
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
333
PlumX Metrics