: I apply the Beveridge-Nelson business cycle decomposition method to the time series of murder of New York City – NYC (1797-2005). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincides with documented waves of organized crime, internal tensions, breakdowns in social order, crime legislation, social, and political unrest, and recently with the periodic terrorist attacks in the city. The estimated cyclical terrorist murder component warns that terrorist attacks in New York City from 1826 to 2005, historically occur in the estimated turning point dates, of whether a declining, or ascending cycle, and so, it must be used in future research to construct a model for explaining the causal reasons for its movement across time, and for forecasting terrorist murder and attacks for New York City.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
4200.
Find related papers by JEL classification: O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada N42 - Economic History - - Government, War, Law, and Regulation - - - U.S.; Canada: 1913- K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
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