Identifying the impact of deterrence on crime - internal versus external instruments

Maurice Bun ()

No 14-03, UvA-Econometrics Working Papers from Universiteit van Amsterdam, Dept. of Econometrics

Abstract: We consider estimation of the economic model of crime exploiting instrumental variables techniques for panel data. We extend the empirical analysis of Cornwell and Trumbull (1994) and show that their instrumental variables are very weak. We propose an alternative identification strategy based on the sequential moment conditions of Arellano and Bond (1991). The resulting GMM estimates of deterrence effects on crime are considerably more precise.

Date: 2014-12-16
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ase.uva.nl/binaries/content/assets/subsites ... ics/dp-2014/1403.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ame:wpaper:1403

Access Statistics for this paper

More papers in UvA-Econometrics Working Papers from Universiteit van Amsterdam, Dept. of Econometrics Dept. of Econometrics, Universiteit van Amsterdam, Valckenierstraat 65, NL - 1018 XE Amsterdam, The Netherlands. Contact information at EDIRC.
Bibliographic data for series maintained by Noud P.A. van Giersbergen ().