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Macro-Economic Instability and Crime

Author

Listed:
  • Frédéric PUECH
  • Patrick GUILLAUMONT

    (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

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

  • Frédéric PUECH & Patrick GUILLAUMONT, 2006. "Macro-Economic Instability and Crime," Working Papers 200602, CERDI.
    • Handle: RePEc:cdi:wpaper:775
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    References listed on IDEAS

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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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