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Macro-Economic Instability and Crime

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Author Info

  • Patrick Guillaumont

    (CERDI - Centre d'études et de recherches sur le developpement international - CNRS : UMR6587 - Université d'Auvergne - Clermont-Ferrand I)

  • Frédéric Puech

    (CERDI - Centre d'études et de recherches sur le developpement international - CNRS : UMR6587 - Université d'Auvergne - Clermont-Ferrand I)

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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File URL: http://halshs.archives-ouvertes.fr/docs/00/56/45/79/PDF/2006.02.pdf
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Bibliographic Info

Paper provided by HAL in its series Working Papers with number halshs-00564579.

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Date of creation: 09 Feb 2011
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Handle: RePEc:hal:wpaper:halshs-00564579

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00564579/en/
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Keywords: macro-economic instability; crime; institutions;

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  1. Francis Kramarz & Denis Fougère & 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.
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