Macro-Economic Instability and Crime

Patrick Guillaumont () and Frédéric Puech
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Patrick Guillaumont: CERDI - Centre d'Études et de Recherches sur le Développement International - UdA - Université d'Auvergne - Clermont-Ferrand I - CNRS - Centre National de la Recherche Scientifique

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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)
Date: 2011-02-09
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00564579
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Related works:
Working Paper: Macro-Economic Instability and Crime (2011)
Working Paper: Macro-Economic Instability and Crime (2006)
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