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Macro-Economic Instability and Crime

Author

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  • Patrick Guillaumont

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

  • Frédéric Puech

    (CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique)

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.

Suggested Citation

  • Patrick Guillaumont & Frédéric Puech, 2011. "Macro-Economic Instability and Crime," CERDI Working papers halshs-00564579, HAL.
    • Handle: RePEc:hal:cdiwps:halshs-00564579
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00564579
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    References listed on IDEAS

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