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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," Working Papers halshs-00564579, HAL.
    • Handle: RePEc:hal:wpaper: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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    1. Soares, Rodrigo R., 2004. "Development, crime and punishment: accounting for the international differences in crime rates," Journal of Development Economics, Elsevier, vol. 73(1), pages 155-184, February.
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    5. Eric Neumayer, 2003. "Good Policy Can Lower Violent Crime: Evidence from a Cross-National Panel of Homicide Rates, 1980–97," Journal of Peace Research, Peace Research Institute Oslo, vol. 40(6), pages 619-640, November.
    6. Fajnzylber, Pablo & Lederman, Daniel & Loayza, Norman, 2002. "What causes violent crime?," European Economic Review, Elsevier, vol. 46(7), pages 1323-1357, July.
    7. Denis Fougère & Francis Kramarz & Julien Pouget, 2005. "L'analyse économétrique de la délinquance. Une synthèse de résultats récents," Revue Française d'Économie, Programme National Persée, vol. 19(3), pages 3-55.
    8. Eric Neumayer, 2005. "Inequality and Violent Crime: Evidence from Data on Robbery and Violent Theft," Journal of Peace Research, Peace Research Institute Oslo, vol. 42(1), pages 101-112, January.
    9. Edward Miguel & Shanker Satyanath & Ernest Sergenti, 2004. "Economic Shocks and Civil Conflict: An Instrumental Variables Approach," Journal of Political Economy, University of Chicago Press, vol. 112(4), pages 725-753, August.
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    Cited by:

    1. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.
    2. Joël CARIOLLE, 2014. "Corruption in Turbulent Times: a Response to Shocks?," Working Papers P106, FERDI.

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    Keywords

    macro-economic instability; crime; institutions;
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