Crime Rates an Econometric Analysis - 4665 Words

Crime Rates: An Econometric Analysis using population, unemployment and growth Table of Contents I. Introduction A.) Background of the Study B.) Problem Statement C.) Objectives D.) Significance of the Study E.) Scope and Limitations II. Review of Related Literature III. Operational Framework A.) Variable List B.) Model Specification C.) A-priori Expectations IV. Methodology A.) Data B.) Preliminary Tests V. Results and Discussions VI. Conclusion and Recommendations VII. Bibliography VIII. Appendices INTRODUCTION A. Background of the Study Ever since the first civilizations, ever since the dawn of government and morals, crime has accompanied mankind in his everyday†¦show more content†¦The researcher would have preferred to add potential influences such as literacy rates and family incomes however such data are collected in periods of 3 years or greater, thus leaving the researcher no choice but to analyze based on annually recorded economic variables. REVIEW OF RELATED LITERATURE Prior to 1968, crime was viewed as a social and moral construct. However this changed when Gary Becker’s Crime and Punishment: An Economic Approach was published in 1968. Becker takes into account the Opportunities and Costs of committing a crime; that a criminal would steal because the benefits are greater than the costs. Wadsworth (2001), on the other hand, states that employment is a key factor that affects crime rates. It is not the fact of unemployment that pushes them into being criminals but the hardships that they experience. The ideals in this study will follow suite to the ideals of the said researchers. The variables of CPI, Income, unemployment and population density all play important roles in determining crime rates. OPERATIONAL FRAMEWORK A. Variable List The variables used in the model are described as follows: Variable Name | Description | Lncrimerate | Crime Rate | d_l_gnipc | Gross National Income Per Capita | d_l_urbanpop | Population in Urbanized Areas | d_l_cpi | Consumer Price Index | d_l_popdens | Population Density | d_l_unemp | Number of Unemployed Persons | B. ModelShow MoreRelatedThe Effect Of Justice Expenditure On The Crime Rate Since 19921392 Words   |  6 PagesExpenditure on the Crime Rate Since 1992 1. Introduction The crime rate is the result of problems in public safety. As one of the most important public good, safety has generates positive externalities that helps urban development. However, due to the fact tighter police protection budgets yield the local law enforcement to maintain or improve the efficiency of policing with fewer hands and resources. Will an increase in justice expenses bring us a safer local environment? 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