Dynamics of Homicide Rates in Asian Countries: A Quantitative Study
1 Asst. Professor, Iqra University, Karachi
2 Asst. Professor, Applied Economics and Research Centre, Karachi University
3 Business Graduate , Iqra University
The rate of violent crimes has increased considerably in all regions of the globe during the recent decades. Specifically, the residents of the terrorism-effected countries have witnessed an unprecedented surge in homicide rates. This study revisits the role of macroeconomic and socioeconomic factors in determining the homicide rate in Asian countries worst affected by terrorism. Social inequalities, economic development, urbanization, poverty, unemployment, and other economic and demographic variables are analyzed and found to be associated with homicide rates in the target countries. Data were collected from fourteen worst terrorism affected countries with the highest rate of homicide on the basis of/considering the quality and availability of data from year 2000 to 2011. Panel-unit root test and panel-cointegration test were applied to check for log-run relation between the variables and POLS test was applied for hypothesis testing. Lastly, outcomes were tested for robustness using panel GMM estimators. This study tried to fill the gap in the relatively unexplored geographical region and provides an opportunity to better understand homicide variation around the Asian world. The results show that all studied economic variables are cointegrated and have a significant relation to the homicide rates in selected Asian countries. It is also found that all religions play a vital role in diminishing the homicidal rate.
Keywords: Income inequality, Unemployment, Urbanization, Female Population and Drugs