"Captive Markets": the impact of kidnappings on corporative investment in Colombia

This paper measures the impact of crime on firm investment by exploiting variation in kidnappings in Colombia from 1996 to 2002. Our central result is that firms invest less when kidnappings target firms. We also find that aggregate crime rates-homicides, guerrilla attacks, and general kidnappings-h...

Full description

Autores:

Pshisva, Rony
Suárez, Gustavo

Tipo de recurso:

Work document

Fecha de publicación:

2005

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

eng

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/7964

Acceso en línea:

http://hdl.handle.net/1992/7964

Palabra clave:

Crime
Kidnappings
Investment
Colombia
Inversiones - Aspectos sociales - Colombia - 1996-2002
Conflicto armado - Aspectos económicos - Colombia - 1996-2002
Secuestro - Aspectos económicos - Colombia - 1996-2002
Violencia - Aspectos económicos - Colombia - 1996-2002
Incertidumbre (Economía) - Colombia
K42, O16, D74, P14, G30

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/