Does Crime Lower Growth?

• Tác giả: Mauricio Cárdenas
• Ngôn ngữ: eng
• Ký hiệu phân loại: 364.2 Causes of crime and delinquency
• Thông tin xuất bản: World Bank, Washington, DC, 2017
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 329171
• Chủ đề: 1. ACCOUNTING; 2. ANNUAL GROWTH; 3. AVERAGE GROWTH; 4. BILATERAL TRADE; 5. BINDING CONSTRAINT

Tóm tắt

Many analysts consider that lack of security is a major obstacle to growth in Colombia. This paper identifies a structural downturn in economic growth-of nearly two percentage points per year-as a result of the increase in illicit crops and crime rates after 1980. A decline in total factor productivity has been the key channel linking crime and economic growth. Political upheavals and high levels of inequality and poverty motivated the adoption of a new constitution in 1991. The constitution mandated additional fiscal expenditures to curb social tensions. Major progress has been made in terms of public safety and, to a lesser extent, in the provision of health and education. However, long?run growth will continue to be constrained by inadequate transport infrastructure and low international trade volumes.