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The crime rate of five Latin American countries: does income inequality matter?

Despite the Latin American region being the home to only 9 per cent of the global population, the region has the world's highest combined level of income inequality, with a measured net Gini coefficient of 48.3 (UNICEF, 2011) and has also registered approximately 40 per cent of the world's...

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Main Authors: Goh, Lim Thye, Law, Siong Hook
Format: Article
Published: Elsevier Inc. 2023
Online Access:http://psasir.upm.edu.my/id/eprint/110294/
https://linkinghub.elsevier.com/retrieve/pii/S1059056023001077
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spelling my.upm.eprints.1102942024-11-11T02:07:08Z http://psasir.upm.edu.my/id/eprint/110294/ The crime rate of five Latin American countries: does income inequality matter? Goh, Lim Thye Law, Siong Hook Despite the Latin American region being the home to only 9 per cent of the global population, the region has the world's highest combined level of income inequality, with a measured net Gini coefficient of 48.3 (UNICEF, 2011) and has also registered approximately 40 per cent of the world's murders. Additionally, although the latest report published by ECLAC (2019) indicated that the level of income inequality has continued to trend downwards, the region's crime rate has remained persistently high. Thus, suggesting that while there is good reason to believe that income inequality could explain the incidence of crime in the region, the association between income inequality and the crime rate is not symmetrical. This paper aims to examine the asymmetric effect of income inequality on the crime rate of five Latin American countries. Utilising the nonlinear autoregressive distributed lag (NARDL) technique proposed by Shin et al. (2014) on the annual data from 1984 to 2017, this study found the presence of asymmetric cointegration between income inequality and crime rates in Argentina, Brazil, Chile and Columbia. Elsevier Inc. 2023-07 Article PeerReviewed Goh, Lim Thye and Law, Siong Hook (2023) The crime rate of five Latin American countries: does income inequality matter? International Review of Economics and Finance, 86. pp. 745-763. ISSN 1059-0560; eISSN: 1059-0560 https://linkinghub.elsevier.com/retrieve/pii/S1059056023001077 10.1016/j.iref.2023.03.036
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description Despite the Latin American region being the home to only 9 per cent of the global population, the region has the world's highest combined level of income inequality, with a measured net Gini coefficient of 48.3 (UNICEF, 2011) and has also registered approximately 40 per cent of the world's murders. Additionally, although the latest report published by ECLAC (2019) indicated that the level of income inequality has continued to trend downwards, the region's crime rate has remained persistently high. Thus, suggesting that while there is good reason to believe that income inequality could explain the incidence of crime in the region, the association between income inequality and the crime rate is not symmetrical. This paper aims to examine the asymmetric effect of income inequality on the crime rate of five Latin American countries. Utilising the nonlinear autoregressive distributed lag (NARDL) technique proposed by Shin et al. (2014) on the annual data from 1984 to 2017, this study found the presence of asymmetric cointegration between income inequality and crime rates in Argentina, Brazil, Chile and Columbia.
format Article
author Goh, Lim Thye
Law, Siong Hook
spellingShingle Goh, Lim Thye
Law, Siong Hook
The crime rate of five Latin American countries: does income inequality matter?
author_facet Goh, Lim Thye
Law, Siong Hook
author_sort Goh, Lim Thye
title The crime rate of five Latin American countries: does income inequality matter?
title_short The crime rate of five Latin American countries: does income inequality matter?
title_full The crime rate of five Latin American countries: does income inequality matter?
title_fullStr The crime rate of five Latin American countries: does income inequality matter?
title_full_unstemmed The crime rate of five Latin American countries: does income inequality matter?
title_sort crime rate of five latin american countries: does income inequality matter?
publisher Elsevier Inc.
publishDate 2023
url http://psasir.upm.edu.my/id/eprint/110294/
https://linkinghub.elsevier.com/retrieve/pii/S1059056023001077
_version_ 1816132702833737728
score 13.226497

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