Abstract

CARRANZA ROMERO, JUAN ESTEBAN; DUENAS HERRERA, XIMENA  and  GONZALEZ ESPITIA, CARLOS GIOVANNI. An empirical analysis of the relationship between murders and economic activity in Colombia. estud.gerenc. [online]. 2011, vol.27, n.119, pp.59-78. ISSN 0123-5923.

The goal of this article is to examine the causal relationship between murders and economic activity in Colombia during the last decades. This analysis draws on the fact that economic activity in other Latin American countries is highly correlated with economic activity in Colombia, but is not affected by homicidal violence in Colombia. The use of this instrument allows us to establish a strong causal effect of economic activity on murders. An analysis of time series provides further support for the hypothesis that there is a long-term relationship between murders and economic activity.

Keywords : Crime; murder; economic activity.

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