THE IMPACT OF CRIME RATE ON ECONOMIC PERFORMANCE IN GHANA
Journal: Academic Research International (Vol.5, No. 1)Publication Date: 2014-01-15
Authors : Emmanuel Dodzi K. Havi;
Page : 227-236
Keywords : Economic Performance; Cointegration; Crime Rate;
Abstract
The study examined the impact of crime rate on the economic performance in Ghana using vector autoregressive approach. It was found that both the variables nominal GDP per capita and crime rate are integrated at first order. The results of Johansen's cointegration test indicated that short run relationship exit between both variables. It was found out that the correlation coefficient between economic performance and crime rate was negative 0.7826 and significant. The previous record of crime rate had significantly negative impact on the current economic performance and it was elastic. Granger Causality Test also, showed that crime rate Granger caused economic performance to decline. This showed that reducing crime rate in Ghana will improve economic performance. As a result, it was recommended that crime should be discourage through all means and control to the barest minimum for improvement in economic performance.
Other Latest Articles
- THE EFFECT OF PRESENTATION STRATEGY ON MULTIMEDIA: LEARNING-ANIMATION VS STATIC VISUALIZATION AND LEARNING STYLE TO LEARNING RESULT
- THE IMPERATIVE OF CITIZEN’S PARTICIPATION IN COMMUNITY DEVELOPMENT
- TEACHER QUALITY AND QUANTITY: IMPLICATIONS FOR THE IMPLEMENTATION OF UNIVERSAL BASIC EDUCATION IN NIGERIA
- ANALYSIS OF THE IMPACT OF EXISTING INTERVENTION PROGRAMMES ON PSYCHOSOCIAL NEEDS: TEENAGE ORPHANS’ PERCEPTIONS
- THE AESTHETIC VEHICLES, SUBJECTS, SPECTATOR, EMOTIONS AND MODE
Last modified: 2014-02-21 20:21:04