Abstract

https://ssrn.com/abstract=2081234
 


 



Dead Man Walking: An Empirical Reassessment of the Deterrent Effect of Capital Punishment Using the Bounds Testing Approach to Cointegration


Paresh K. Narayan


Deakin University - Faculty of Business and Law

Russell Smyth


Monash University - Department of Economics

June 11, 2012

Applied Economics, Vol. 38(17), No. 1975-1989, 2006

Abstract:     
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.


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Date posted: June 11, 2012  

Suggested Citation

Narayan, Paresh K. and Smyth, Russell, Dead Man Walking: An Empirical Reassessment of the Deterrent Effect of Capital Punishment Using the Bounds Testing Approach to Cointegration (June 11, 2012). Applied Economics, Vol. 38(17), No. 1975-1989, 2006. Available at SSRN: https://ssrn.com/abstract=2081234

Contact Information

Paresh K. Narayan (Contact Author)
Deakin University - Faculty of Business and Law ( email )
221 Burwood Highway
Burwood
Victoria
Australia
+61 3 924 46180 (Phone)
Russell Smyth
Monash University - Department of Economics ( email )
Wellington Road
Clayton, Victoria 3
Australia

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