Narayan, Paresh Kumar; Nielsen, Ingrid; Smyth, Russell - In: American Journal of Economics and Sociology 69 (2010) 2, pp. 759-782
Studies in the economics of crime literature have reached mixed conclusions on the deterrence hypothesis. One explanation that has been offered for the failure to find evidence of a deterrent effect in the long run is the natural rate of crime. This article applies univariate unit root tests to...