CRIME AND FISCAL POLICY IN EUROPE: THE EFFECT OF SHADOW ECONOMY
Eleftherios Goulas and
Socrates Karidis
Global Economy Journal (GEJ), 2020, vol. 20, issue 03, 1-16
Abstract:
We empirically investigate the role of fiscal policies on criminal activity using a sample of 25 EU countries over the period 2000–2013. Our analysis indicates that tight fiscal policies appear to have a positive effect on crime. This effect becomes stronger when property (non-violent) crime rates are considered. Further, the presence of high levels of shadow economy in a country provides a very strong mitigating factor on the adverse effect of public policies on crime. The initially strong link between tight fiscal policy and non-violent crime weakens significantly in the presence of undocumented economic activities which compensate for the lack of formal economic opportunities.
Keywords: Crime; fiscal policy; shadow economy (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2194565920500177
Access to full text is restricted to subscribers
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:wsi:gejxxx:v:20:y:2020:i:03:n:s2194565920500177
Ordering information: This journal article can be ordered from
DOI: 10.1142/S2194565920500177
Access Statistics for this article
Global Economy Journal (GEJ) is currently edited by Joseph Pelzman
More articles in Global Economy Journal (GEJ) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().