Loading...
Impacts of Economic Development and Stability on Crime: Country Level Panel Data Analysis
Journal Title
Keywords
economic development
financial stability
crime rates
panel data analysis
generalized least squares
government stability
GNI per capita
foreign direct investment flows
financial institutions depth
institutional anomie theory
economic theory of crime
renewable natural capital
rule of law perceptions
non-linear economic relationships
economic fitness metrics
crime perception index
empirical crime analysis
robustness in crime studies
cross-national crime analysis
policy strategies for crime reduction
impact of economic variables on crime
crime reduction through economic policies
financial institution efficiency
global economic crime study
economic diversification and crime
financial stability
crime rates
panel data analysis
generalized least squares
government stability
GNI per capita
foreign direct investment flows
financial institutions depth
institutional anomie theory
economic theory of crime
renewable natural capital
rule of law perceptions
non-linear economic relationships
economic fitness metrics
crime perception index
empirical crime analysis
robustness in crime studies
cross-national crime analysis
policy strategies for crime reduction
impact of economic variables on crime
crime reduction through economic policies
financial institution efficiency
global economic crime study
economic diversification and crime
Readers/Advisors
Journal Title
Term and Year
Spring 2024
Publication Date
2024-05-08
Book Title
Publication Volume
Publication Issue
Publication Begin
Publication End
Number of pages
Files
Loading...
Main article
Adobe PDF, 773.22 KB
Research Projects
Organizational Units
Journal Issue
Abstract
This research paper examines the dynamics between economic development, financial stability, and crime rates across various countries. Rooted from the economic theory of crime and institutional anomie theory, this study uses a robust panel data analysis covering numerous countries to explore how economic metrics such as GNI per capita, foreign direct investment inflows, and financial institution strength relate to crime perceptions. The empirical analysis, using GLS, fixed effects, and random effects models along with a series of robustness checks, confirms significant relationships between these economic factors and crime levels. Preliminary results indicate that while economic fitness can occasionally spur increases in crime rates, possibly due to concentration of people, stronger financial institutions and a more stable government generally contribute to reductions in crime. This paper contributes to the ongoing discussion on crime economics by improving our understanding of the economic causes of crime and showing how changes in certain factors can reduce crime through economic strategies.