{
  "title": "Crime and the Economy in Mexican States: Heterogeneous Panel Estimates (1993-2012)",
  "publication": "IMF Working Papers, June 4, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/crime-and-the-economy-in-mexican-states-heterogeneous-panel-estimates-1993-2012-42979",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Study period: 1993 to 2012.\n- Sample: 32 Mexican states.\n- Objective: Study the transmission of crime shocks to the economy via the impulse response of homicide rates.\n- Main variables analyzed: GDP, FDI, and international migration flows.\n- Key state-level characteristics associated with heterogeneous responses: the percentage of GDP devoted to new construction, and the perception of public security."
    },
    {
      "heading": "Methodology",
      "content": "- Approach: Panel structural VAR (Panel Structural VAR / Structural vector autoregression / Vector autoregression).\n- Accounts for: Heterogeneity of dynamic state-level responses.\n- Measures transmission via: Impulse response of homicide rates."
    },
    {
      "heading": "Key findings",
      "content": "- The paper documents heterogeneous dynamic responses across states in:\n  - GDP\n  - Foreign direct investment (FDI)\n  - International migration flows\n- State characteristics associated with the sign and magnitude of economic responses to crime shocks:\n  - Percentage of GDP devoted to new construction\n  - Perception of public security"
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Balance of payments, Crime, Econometric analysis, Foreign direct investment, Migration, Population and demographics, Structural vector autoregression, Vector autoregression\n- Keywords: Caribbean, Crime, crime incidence data, crime shock, crime variable, economic activity shock, Foreign direct investment, Global, homicide rate, impulse response, Mexico, Migration, migration shock, Panel Structural VAR, state level, Structural vector autoregression, Vector autoregression, Western Europe, WP\n\n---\n\n Content in this bundle\n\n- wp15121\n  - wp15121 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp15121 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/crime-and-the-economy-in-mexican-states-heterogeneous-panel-estimates-1993-2012-42979"
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    "Authors: Concha Verdugo Yepes, Peter L. Pedroni, Xingwei Hu",
    "Published: June 4, 2015",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513541969.001",
    "Study period: 1993 to 2012.",
    "Sample: 32 Mexican states.",
    "Objective: Study the transmission of crime shocks to the economy via the impulse response of homicide rates.",
    "Main variables analyzed: GDP, FDI, and international migration flows.",
    "Key state-level characteristics associated with heterogeneous responses: the percentage of GDP devoted to new construction, and the perception of public security.",
    "Approach: Panel structural VAR (Panel Structural VAR / Structural vector autoregression / Vector autoregression).",
    "Accounts for: Heterogeneity of dynamic state-level responses.",
    "Measures transmission via: Impulse response of homicide rates.",
    "The paper documents heterogeneous dynamic responses across states in:",
    "State characteristics associated with the sign and magnitude of economic responses to crime shocks:",
    "Subject: Balance of payments, Crime, Econometric analysis, Foreign direct investment, Migration, Population and demographics, Structural vector autoregression, Vector autoregression",
    "Keywords: Caribbean, Crime, crime incidence data, crime shock, crime variable, economic activity shock, Foreign direct investment, Global, homicide rate, impulse response, Mexico, Migration, migration shock, Panel Structural VAR, state level, Structural vector autoregression, Vector autoregression, Western Europe, WP",
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