Euro switch, economic growth, and property crimes in Europe

Alexi Thompson () and James Jozefowicz
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Alexi Thompson: South Carolina State University

International Economics and Economic Policy, 2024, vol. 21, issue 2, No 4, 343-362

Abstract: Abstract We study the effect of euro adoption on various property crimes for a group of Eurozone countries with data from 1993 to 2019. We hypothesize euro adoption has a positive association with home burglaries and robberies as the euro is relatively more valuable and mobile than pre-euro currencies. We offer a simple theoretical model to motivate the hypothesis. A dynamic panel data model is estimated by generalized method of moments (GMM) to account for endogeneity, measurement error, heteroskedasticity, and serial correlation. Our results indicate some evidence of a positive relationship between euro adoption and property crimes. Other countries considering euro adoption may find the results of our study informative.

Keywords: Property crime; Euro; GMM estimation; F31; F39; F61 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10368-024-00590-3

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