Violent crime and incentives in the long-run: evidence from England and Wales |
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Authors: | George Saridakis |
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Institution: | The Business School , Loughborough University , Loughborough, Leicestershire, LE11 3TU, UK |
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Abstract: | This study uses recent advances in time-series econometrics to investigate the non-stationarity and co-integration properties of violent crime series in England and Wales. In particular, we estimate the long-run impact of economic conditions, beer consumption and various deterrents on different categories of recorded violent crime. The results suggest that a long-run causal model exists for only minor crimes of violence, with beer consumption being a predominant factor. |
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Keywords: | violent crime time series co-integration weak exogeneity error correction model |
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