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Dead man walking: an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration Author info | Abstract | Publisher info | Download info | Related research | Statistics Paresh Kumar Narayan
Russell Smyth
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This paper empirically estimates a murder supply equation for the United States from 1965 to 2001 within a cointegration and error correction framework. Our findings suggest that any support for the deterrence hypothesis is sensitive to the inclusion of variables for the effects of guns and other crimes. In the long run we find that real income and the conditional probability of receiving the death sentence are the main factors explaining variations in the homicide rate. In the short run the aggravated assault rate and robbery rate are the most important determinants of the homicide rate.
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Article provided by Taylor and Francis Journals in its journal Applied Economics .
Volume (Year): 38 (2006)
Issue (Month): 17 (September)
Pages: 1975-1989
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Handle: RePEc:taf:applec:v:38:y:2006:i:17:p:1975-1989Contact details of provider: Web page: http://www.tandf.co.uk/journals/routledge/00036846.html
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Ansgar Belke & Thorsten Polleit, 2005.
"(How) Do Stock Market Returns React to Monetary Policy? - An ARDL Cointegration Analysis for Germany ,"
Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim
253/2005, Department of Economics, University of Hohenheim, Germany.
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Ansgar Belke & Thorsten Polleit, 2005.
"Monetary Policy and Dividend Growth in Germany: Long-Run Structural Modelling versus Bounds Testing Approach ,"
Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim
250/2005, Department of Economics, University of Hohenheim, Germany.
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