Macro-Economic Instability and CrimeReport as inadecuate

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1 CERDI - Centre d-Études et de Recherches sur le Développement International

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.

keyword : macro-economic instability crime institutions

Author: Patrick Guillaumont - Frédéric Puech -



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