Macro-Economic Instability and Crime

Frédéric Puech and Patrick Guillaumont ()

No 200602, Working Papers from CERDI

Abstract: This paper adds to the literature on the economic determinants of crime by examining the impact of macro-economic instability. Instability increases the frustration level of individuals and incites them to smooth their income by using illegal earnings. Results from a panel of developed and developing countries for the period 1980-97 suggests that macro-economic instability had a significant impact on crime, both homicide and robbery. However, homicide and robbery do not react to instability in the same way.

Keywords: Macro-economic instability; Crime; Institutions (search for similar items in EconPapers)
Pages: 25
Date: 2006
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Macro-Economic Instability and Crime (2011)
Working Paper: Macro-Economic Instability and Crime (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cdi:wpaper:775

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