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Property crime and macroeconomic variables in Malaysia: Some empirical evidence from a vector error-correction model

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Author Info
Habibullah, M.S.
Law, Siong-Hook

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Abstract

In this study we investigated the long-run relationship between property crime and three macro-financial economic variables in Malaysia for the period 1973 to 2003. In order to avoid what the econometrician term as ‘spurious regression problem’ we estimate the model using the vector-error correction (VECM) framework. The results tend to suggest that there are long-run relationship between property crime and the three macroeconomic variables in Malaysia. Our VECM results, however, suggest that there is no long-run and short-run causal effect of the three macro-variables on the property crime. Nevertheless, our variance decomposition results indicate that property crime in Malaysia is affect by economic growth measure by real income per capita. But, given the short sample nature of this study, our results should be viewed with cautious.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12112.

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Date of creation: 03 Feb 2008
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Handle: RePEc:pra:mprapa:12112

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Related research
Keywords: property crime; Malaysia; vectot error-correction model;

Find related papers by JEL classification:
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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  6. Masih, Abul M M & Masih, Rumi, 1996. "Temporal Causality and the Dynamics of Different Categories of Crime and Their Socioeconomic Determinants: Evidence from Australia," Applied Economics, Taylor and Francis Journals, vol. 28(9), pages 1093-1104, September. [Downloadable!] (restricted)
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  13. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254. [Downloadable!] (restricted)
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