A Note on the Application of Dynamic Panel Data (DPD) Models in Economic Models of Crime

Ghasemi Mojtaba ()
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Ghasemi Mojtaba: Faculty of Law, Shahid Beheshti University, Tehran, Iran

Asian Journal of Law and Economics, 2017, vol. 8, issue 3, 9

Abstract: The dynamic panel data (DPD) model and application of Difference and System GMM estimators has great advantages to address endogeneity of law enforcement variables and measurement error in reporting of crimes in economic models of crime as well as controlling for fixed effects and avoiding dynamic panel bias. Meanwhile, neglecting instrument proliferation which is very common and uncommonly detected in these models can lead to misleading and unreliable results. Bolding this warning and presenting available techniques to control for this potential danger is the main mission of this note.

Keywords: dynamic panel data model; economics of crime; instrument proliferation (search for similar items in EconPapers)
JEL-codes: C23 C26 K42 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/ajle-2016-0026

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