Siege of Violent Crimes through Economic Complexity and Institutions

Abstract

This study is an effort to explore the determinants of violent crimes by using the panel data of 34 countries covering the time span from 2000 to 2014. The robust least square technique is applied for empirical analysis. The findings of the study reveal that the economic complexity, institutions and per capita income have significant negative impact while economic misery and population growth have significant positive relationship on violent crimes. Moreover, efficient institutions have prime importance to curb the crimes in a society. The better provision of knowledge and highly skilled labor force in an efficient institutional environment for alleviation of crimes is suggested as a policy tool. Additionally, serious efforts to decrease the economic misery and population growth are need of the hour to overcome the crimes.