International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
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Vol. 7, Issue 1 (2024)

Does crime impact economic growth?


Bibhor Kumar and Yuvraj Goswami

This paper examines the relationship between crime and economic growth at State level data of India. The study takes data for crime (homicide rate) from NCRB and for economic growth (SGDP per capita) RBI handbook of statistics from 2004 to 2019. So it is a panel data regression modeling. The data analysis starts with a simple fixed effect and random effect regression modeling. To remove the problem of joint endogeneity problem of economic growth and homicide rate, we use a reduced form fixed effect and random effect regression. By using this more of the joint endogeneity problem is wiped away. Our idea is that the crime affects economy negatively and our results confirm this.
Pages : 196-202 | 67 Views | 30 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Bibhor Kumar, Yuvraj Goswami. Does crime impact economic growth?. Int J Finance Manage Econ 2024;7(1):196-202. DOI: 10.33545/26179210.2024.v7.i1.288
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