Common trends in the US state-level crime.What do panel data say?
Mauro Costantini (),
Iris Meco () and
Antonio Paradiso ()
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Iris Meco: Department of Economics and Finance, Brunel University London
No 2016:14, Working Papers from Department of Economics, University of Venice "Ca' Foscari"
This paper aims to investigate the long-run relationship between crime, inequality, unemployment and deterrence using state-level data for the US over the period 1978- 2013. The novelty of the paper is to use non-stationary panels with factor structures. The results show that: i) a simple crime model well fits the long run relationship; ii) income inequality and unemployment have a positive impact on crime, whereas deterrence displays a negative sign; iii) the effect of income inequality on crime is large in magnitude; iv) property crime is generally highly sensitive to deterrence measures based upon police activities.
Keywords: Crime; deterrence; inequality; unemployment; panel cointegration; cross- section dependence (search for similar items in EconPapers)
JEL-codes: C33 E20 K40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-law, nep-mac and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2016:14
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