Organized crime, foreign investment and economic growth : the Latin American case

Latin America has been seen over the years as a violent region. Organized crime has been a major factor contributing to that perception. Crime not only makes daily life more dangerous for citizens of a country, but can even challenge the viability of governments. Crime fighting efforts drain state r...

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Autores:
Tipo de recurso:
Fecha de publicación:
2012
Institución:
Universidad Tecnológica de Bolívar
Repositorio:
Repositorio Institucional UTB
Idioma:
eng
OAI Identifier:
oai:repositorio.utb.edu.co:20.500.12585/9779
Acceso en línea:
https://hdl.handle.net/20.500.12585/9779
Palabra clave:
Crimen organizado -- PUBLICACIONES SERIADAS
Organized crime -- PERIODICALS
Inversiones extranjeras -- PUBLICACIONES SERIADAS
FOREIGN DIRECT INVESTMENT -- PERIODICALS
Crecimiento económico -- Publicaciones seriadas
PERIODICALS
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary:Latin America has been seen over the years as a violent region. Organized crime has been a major factor contributing to that perception. Crime not only makes daily life more dangerous for citizens of a country, but can even challenge the viability of governments. Crime fighting efforts drain state resources, threaten the delivery of public services, and might have a negative influence on institutional stability and business environment. The purpose of this paper is to extend the empirical framework of Bengoa and Sánchez-Robles (2002) to cover the relationship between organized crime, foreign direct investment (FDI) and growth. Although the relationship between organized crime and FDI is not widely discussed in the literature, it can be argued that there is a very important channel through which this relationship may exist: institutional instability of states and viability of governments