The effect of socio-economic determinants on crime rates : an empirical research in the case of Greece with cointegration analysis
Part of : International journal of economic sciences and applied research ; Vol.2, No.2, 2009, pages 51-64
Issue:
Pages:
51-64
Abstract:
The present paper analyzes the relationship between the criminal offences, the function of the justice system and some of their socio-economic determinants in the case of Greece by estimating their dynamic interactions. The analysis covers the period 1971-2006 and the cointegration methodologies of Johansen (1988) and Johansen-Juselius (1990, 1992) are applied to the VAR model. From the cointegration results, a cointegrating vector is shown among total offences, convicted persons and socio-economic variables. Moreover, Error Correction Models are estimated for the short-run dynamics of the explanatory variables and their convergence to a long-run equilibrium state.
Subject (LC):
Keywords:
crimes, socioeconomic determinants, Greece, cointegration, error correction model
Notes:
Περιέχει πίνακες και βιβλιογραφία
