ABSTRACT This article looks at the impact of violent crime on FDI into Latin America and the Caribbean during the 1996–2010 period. FDI is disaggregated into primary, secondary and tertiary sectors and three variables related to violent crime are used: homicides, crime victimization and organized crime. Controlling for institutions and the traditional determinants of FDI, we find that the impact of crime on FDI depends on the sector and types of crime considered. Higher homicide rates are associated with less FDI in the secondary sector while organized crime reduces tertiary sector FDI. Crime victimization has a robust significant negative impact on the tertiary sector and in some estimations of the secondary sector. Crime has no impact on primary sector FDI. Our study highlights the need to continue efforts to decrease crime as we show in our analysis that crime has a negative effect on FDI in the secondary and tertiary sector.

中文翻译：

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暴力犯罪对拉丁美洲特定行业外国直接投资的影响

摘要本文着眼于暴力犯罪对1996-2010年间流入拉丁美洲和加勒比的FDI的影响。外国直接投资分为第一，第二和第三部门，使用了与暴力犯罪有关的三个变量：凶杀，犯罪受害和有组织犯罪。在对机构和外国直接投资的传统决定因素进行控制后，我们发现犯罪对外国直接投资的影响取决于所考虑的犯罪部门和犯罪类型。较高的杀人率与第二部门的外国直接投资减少有关，而有组织犯罪减少了第三部门的外国直接投资。犯罪受害对第三产业以及第二产业的某些估计都具有强大的重大负面影响。犯罪对第一产业的外国直接投资没有影响。