Macro-Economic Instability and Crime

Abstract : This paper adds to the literature on the economic determinants of crime by examining the impact of macro-economic instability. Instability increases the frustration level of individuals and incites them to smooth their income by using illegal earnings. Results from a panel of developed and developing countries for the period 1980-97 suggests that macro-economic instability had a significant impact on crime, both homicide and robbery. However, homicide and robbery do not react to instability in the same way.
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Submitted on : Wednesday, February 9, 2011 - 12:00:48 PM
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Patrick Guillaumont, Frédéric Puech. Macro-Economic Instability and Crime. 2011. ⟨halshs-00564579⟩

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