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Dead man walking : an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration

Narayan, Paresh Kumar and Smyth, Russell 2006, Dead man walking : an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration, Applied economics, vol. 38, no. 17, pp. 1975-1989.

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Title Dead man walking : an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration
Author(s) Narayan, Paresh Kumar
Smyth, Russell
Journal name Applied economics
Volume number 38
Issue number 17
Start page 1975
End page 1989
Publisher Routledge
Place of publication London, England
Publication date 2006-09
ISSN 0003-6846
1466-4283
Keyword(s) economics
macroeconomics
Summary This paper empirically estimates a murder supply equation for the United States from 1965 to 2001 within a cointegration and error correction framework. Our findings suggest that any support for the deterrence hypothesis is sensitive to the inclusion of variables for the effects of guns and other crimes. In the long run we find that real income and the conditional probability of receiving the death sentence are the main factors explaining variations in the homicide rate. In the short run the aggravated assault rate and robbery rate are the most important determinants of the homicide rate.
Language eng
Field of Research 140305 Time-Series Analysis
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30018566

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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