A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2020; you can also visit the original URL.
The file type is
Is there a Natural Rate of Crime?
Studies in the economics of crime literature have reached mixed conclusions on the deterrence hypothesis. One explanation which has been offered for the failure to find evidence of a deterrent effect in the long run is the natural rate of crime. This paper applies the univariate Lagrange Multiplier (LM) unit root test with one and two structural breaks to crime series for the United Kingdom and United States and the panel LM unit root test with and without a structural break to crime rates fordoi:10.4225/03/5938b48bcbafe fatcat:wktswnonevbsdlocglaruijjfm