This report summarizes the results of a project which investigated the time series interrelationships between crime, drug use, police, and arrests in New York City. We use monthly data from 1970 through 1990 for New York City. We plot the individual time series for five different non-drug...

Recent theoretical models based on dynamic human capital formation, or social influence, suggest an inverse relationship between criminal activity and economic opportunity and between criminal activity and deterrence, but predict an asymmetric response of crime. In this paper we use three...