Identifying the impact of deterrence on crime - internal versus external instruments

We consider estimation of the economic model of crime exploiting instrumental variables techniques for panel data. We extend the empirical analysis of Cornwell and Trumbull (1994) and show that their instrumental variables are very weak. We propose an alternative identification strategy based on the sequential moment conditions of Arellano and Bond (1991). The resulting GMM estimates of deterrence effects on crime are considerably more precise.

MoreLess

Year of publication:	2014-12-16
Authors:	Bun, Maurice
Institutions:	Faculteit Economie en Bedrijfskunde, Universiteit van Amsterdam

More details

Extent:	application/pdf
Series:	UvA-Econometrics Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UvA-Econometrics Working Papers Number 14-03
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011098761