Do the Crime and the Socioeconomic Strain Affect the Economic Growth? A Case of an Emerging Asean Economy
Volume 9, Issue 2 (2019), pp. 391–407
Pub. online: 30 December 2019
Type: Article
Open Access
Published
30 December 2019
30 December 2019
Abstract
The key purpose of this research is to explore the nexus between crime, socio economic strains and the economic growth of Thailand. The study has used the ARDL technique to achieve the objectives of the study. The finding revealed the fact that the roles of crime have been well emphasized in the literature, especially on how it acts as a stoppage on the progress of the economy in terms of growth. A crime committed in the economy incurs more expenditure and causes the mobility of highly skilled labour which is worse than the formal labour market. Socioeconomic strains have similar dimensions of impacts on crime variables regarding the positive relationship based on the above results. Deterrence variables performed as expected on other crime variables except on person’s crime. Family instability showed a positive impact on property crime. The extent that socioeconomic strain affects crime variables has shown that the strain of frustration, anger and stress in people are exhibited in the social and economic factors that prevail in Thailand. Individuals facing economic hardships brought by socioeconomic factors would innovate alternative means to survive.