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1. Will Inflation Increase Crime Rate? New Evidence from Bounds and Modified Wald Tests.

Author

Tang, Chor Foon and Lean, Hooi Hooi

Subjects
*UNEMPLOYMENT & crime, *EMPLOYMENT, *PRICE inflation, *ECONOMIC policy, *CRIMINOLOGY, *POLITICAL economic analysis, *SOCIAL sciences, *POLITICAL science
Abstract

This paper employs the modified Wald (MWALD) causality test to re-examine the relationship between crime and its determinants (inflation and unemployment) in the United States from 1960 to 2005. Bounds test approach is employed to investigate the existence of a long-run relationship. The empirical evidence suggests that inflation and crime rates are cointegrated with a positive relationship. Moreover, the causal link is from inflation and unemployment to crime. [ABSTRACT FROM AUTHOR]

Published
2007
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