Crime and the Economy in Mexican States : Heterogeneous Panel Estimates (1993-2012) / Concha Verdugo Yepes, Peter Pedroni, Xingwei Hu.

Format:

Book

Government document

Author/Creator:

Verdugo Yepes, Concepción.

Contributor:

Hu, Xingwei.

Pedroni, Peter.

Series:

IMF Working Papers; Working Paper ; No. 2015/121

IMF Working Papers

Language:

English

Subjects (All):

Business.

Crime--Economic aspects--Mexico.

Mexico--Economic conditions--1982.

Mexico--Social conditions--1982.

Local Subjects:

Business.

Crime--Economic aspects--Mexico.

Mexico--Economic conditions--1982.

Mexico--Social conditions--1982.

Physical Description:

1 online resource (115 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Language Note:

English

Summary:

This paper studies the transmission of crime shocks to the economy in a sample of 32 Mexican states over the period from 1993 to 2012. The paper uses a panel structural VAR approach which accounts for the heterogeneity of the dynamic state level responses in GDP, FDI and international migration flows, and measures the transmission via the impulse response of homicide rates. The approach also allows the study of the pattern of economic responses among states. In particular, the percentage of GDP devoted to new construction and the perception of public security are characteristics that are shown to be associated with the sign and magnitude of the responses of economic variables to crime shocks.

Contents:

Cover Page; Title Page; Copyright Page; Contents; Figures; Tables; Executive Summary; I. Introduction; Figure 1. Select Countries: Intentional Homicide Rates (per 100,000 inhabitants); Figure 2. Mexico: Real GDP Growth vs. Homicide Rates; II. Related Literature on the Relationship Between Crime and Other Economic Activity; III. Estimation and Identification Strategy; A. Overview of the Methodology; B. Overview of the Identification Strategy; Figure 3. SVAR Identification Scheme; IV. Data Sources; A. Real GDP for the Period During 1993 to 2012

Figure 4. Mexico: Comparative Homicide Rates from Different SourcesFigure 5. Mexico Homicide Rates vs. Incidence of Crime; Figure 6. State Level Response of GDP to Idiosyncratic Crime Shocks; Figure 7. State Level Quantiles Response to Idiosyncratic Shocks; Figure 8. Mexico: Response Patterns; Figure 9. Approaches for Linking Real GDP Series for Mexican States; B. Measures of Crime; Intentional Homicides; Other Measures; C. Migration; D. Foreign Direct Investment; E. State-Specific Characteristics; Table 1. GDP Sectors for Years 1993 and 2008; Table 2. Names of Mexican States

Table 3. Data SourcesV. Results of the Empirical Analysis; Figure 10. State Level Quantiles Impulse Responses to Idiosyncratic and Common Shocks; Figure 11. State Level Quantiles Variance Decomposition of Idiosyncratic and Common Shocks; VI. Summary and Conclusions; VII. References; VIII. Technical Appendix for the Chain Linking of Two Real GDP Series in Different Base Years; Footnotes

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781513511719

1513511718

9781513563954

1513563955