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Crime And Economic Growth In Developing Countries: Evidence From Pakistan, Arsalan Ahmad, Sharafat Ali, Najid Ahmad
Crime And Economic Growth In Developing Countries: Evidence From Pakistan, Arsalan Ahmad, Sharafat Ali, Najid Ahmad
Sharafat Ali
This study investigates the impact of crime on economic growth of Pakistan by using time series data from 1980 to 2011. Augmented Dickey Fuller (ADF) test is applied to check the stationary of variables. It is hypothesized that increase in crime leads to less economic growth in Pakistan. Autoregressive Distributive lag (ARDL) to cointegration is used to find short and long run relationship between crime and Economic growth. Results reveal that crime has negative and significant impact on economic growth in the long run, whereas in short run the effect of crime on economic growth is negative but insignificant. ECM …