CLAS Working Paper Series Year 2021 (Vol. 1 and Issue 1) : The Impact of Crime in the Economic Performance: The Case of Guatemala

The impact of crime on economic growth is obviously substantial, but measuring such impact to get a sense of the intensity of its effects on economic performance is subject to a great deal of uncertainty. As such, this paper primarily attempts to close this gap by introducing the economics of crime monitoring model, a new economic instrument that could be used to evaluate the impact of crime on economic performance. Hence, Guatemala was used to illustrate the applicability of the model from where analyses provide a coherent evaluation of the degree to which crime affects the country’s economic performance