The Impact of Crime on a State’s Economy
Poster Number
031
College
College of Business Administration
Department
Accounting, Finance & Economics
Faculty Mentor
Laura Ullrich, Ph.D.
Abstract
This paper will delve into the impact of crime and incarceration on the performance of a state’s economy, as measured by its Gross Domestic Product (GDP). Crime and the punishment of criminals have more than the obvious impact on a state’s economy; the losses resulting from the crime are exacerbated by the loss of available prime workforce and the subsequent impact to their future earnings. I will use Bureau of Economic Analysis Regional GDP data and Federal Bureau of Investigation (FBI) Uniform Crime Reporting Statistics, along with U.S. Census and Bureau of Justice Statistics Data to quantify the impact of crime and incarceration on state economic performance. I will use multiple-regression data analysis to quantify the relationships between my dependent variable of State GDP and increases in crime and incarceration rates, especially for those between 18 and 54. I expect to find evidence that higher crime and incarceration rates have a negative impact on State GDP.
Course Assignment
ECON 306 – Ullrich
Previously Presented/Performed?
Fourth Annual Showcase of Undergraduate Research and Creative Endeavors (SOURCE), Winthrop University, April 2018
Start Date
20-4-2018 2:15 PM
End Date
20-4-2018 4:15 PM
The Impact of Crime on a State’s Economy
Richardson Ballroom (DIGS)
This paper will delve into the impact of crime and incarceration on the performance of a state’s economy, as measured by its Gross Domestic Product (GDP). Crime and the punishment of criminals have more than the obvious impact on a state’s economy; the losses resulting from the crime are exacerbated by the loss of available prime workforce and the subsequent impact to their future earnings. I will use Bureau of Economic Analysis Regional GDP data and Federal Bureau of Investigation (FBI) Uniform Crime Reporting Statistics, along with U.S. Census and Bureau of Justice Statistics Data to quantify the impact of crime and incarceration on state economic performance. I will use multiple-regression data analysis to quantify the relationships between my dependent variable of State GDP and increases in crime and incarceration rates, especially for those between 18 and 54. I expect to find evidence that higher crime and incarceration rates have a negative impact on State GDP.
