Will Inflation Increase Crime Rate? New Evidence from Bounds and Modified Wald Tests

Chor Foon Tang and Hooi Hooi Lean ()

Global Crime, 2007, vol. 8, issue 4, 311-323

Abstract: This paper employs the modified Wald (MWALD) causality test to re-examine the relationship between crime and its determinants (inflation and unemployment) in the United States from 1960 to 2005. Bounds test approach is employed to investigate the existence of a long-run relationship. The empirical evidence suggests that inflation and crime rates are cointegrated with a positive relationship. Moreover, the causal link is from inflation and unemployment to crime.

Date: 2007
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DOI: 10.1080/17440570701739694

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