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Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis

This study investigates the relationship between crime and socio and macro economic variables such as income, unemployment, inflation, interest rate, and also the political violence, both domestic and regional. The main motivation of the study is to have a better understanding of crime as well as fi...

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Main Authors: Abdul Hamid, Baharom, Habibullah, Muzafar Shah, Mohd Noor, Zaleha
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:http://psasir.upm.edu.my/id/eprint/28383/1/Crime%20and%20its%20socio.pdf
http://psasir.upm.edu.my/id/eprint/28383/
http://www.ukm.my/fep/jem/content/2013-2.html
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spelling my.upm.eprints.283832015-11-12T02:00:30Z http://psasir.upm.edu.my/id/eprint/28383/ Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis Abdul Hamid, Baharom Habibullah, Muzafar Shah Mohd Noor, Zaleha This study investigates the relationship between crime and socio and macro economic variables such as income, unemployment, inflation, interest rate, and also the political violence, both domestic and regional. The main motivation of the study is to have a better understanding of crime as well as finding and suggesting alternative ways of approaching crime. We analyzed 21 countries, with data spanning from 1960 to 2001.We adopted the model and framework introduced by Viren (2001) based on Becker (1968), Block and Heineke (1975). However, we slightly modified by rephrasing it in order not to only capture the long run relationship but also the short run adjustment. We employed the panelerror- correction based cointegration (Persyn and Westerlund (2008)) to analyze and estimate the model. A number of important findings are extracted from the analysis in accordance to the objectives of this study. Firstly, we discover a negative long run relationship between income and crime; positive long run relationship between inflation and crime; unemployment and crime; as well as lending rate and crime. As for the political violence variable, domestic political violence seems to be negatively related; on the contrary regional political violence is positively related. We believe this might be attributed to the spillover effect. All the signs are as anticipated and justified in this study; and are concurrent with most of the past literatures. Penerbit Universiti Kebangsaan Malaysia 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28383/1/Crime%20and%20its%20socio.pdf Abdul Hamid, Baharom and Habibullah, Muzafar Shah and Mohd Noor, Zaleha (2013) Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis. Jurnal Ekonomi Malaysia, 47 (2). pp. 13-24. ISSN 0126-1962 http://www.ukm.my/fep/jem/content/2013-2.html
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This study investigates the relationship between crime and socio and macro economic variables such as income, unemployment, inflation, interest rate, and also the political violence, both domestic and regional. The main motivation of the study is to have a better understanding of crime as well as finding and suggesting alternative ways of approaching crime. We analyzed 21 countries, with data spanning from 1960 to 2001.We adopted the model and framework introduced by Viren (2001) based on Becker (1968), Block and Heineke (1975). However, we slightly modified by rephrasing it in order not to only capture the long run relationship but also the short run adjustment. We employed the panelerror- correction based cointegration (Persyn and Westerlund (2008)) to analyze and estimate the model. A number of important findings are extracted from the analysis in accordance to the objectives of this study. Firstly, we discover a negative long run relationship between income and crime; positive long run relationship between inflation and crime; unemployment and crime; as well as lending rate and crime. As for the political violence variable, domestic political violence seems to be negatively related; on the contrary regional political violence is positively related. We believe this might be attributed to the spillover effect. All the signs are as anticipated and justified in this study; and are concurrent with most of the past literatures.
format Article
author Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohd Noor, Zaleha
spellingShingle Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohd Noor, Zaleha
Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
author_facet Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohd Noor, Zaleha
author_sort Abdul Hamid, Baharom
title Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
title_short Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
title_full Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
title_fullStr Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
title_full_unstemmed Crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
title_sort crime and its socio-macroeconomics determinants: a panel-error-correction cointegration analysis
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2013
url http://psasir.upm.edu.my/id/eprint/28383/1/Crime%20and%20its%20socio.pdf
http://psasir.upm.edu.my/id/eprint/28383/
http://www.ukm.my/fep/jem/content/2013-2.html
_version_ 1643829448140652544
score 13.211869

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