Euro switch, economic growth, and property crimes in Europe

Euro switch, economic growth, and property crimes in Europe

We study the effect of euro adoption on various property crimes for a group of Eurozone countries with data from 1993 to 2019. We hypothesize euro adoption has a positive association with home burglaries and robberies as the euro is relatively more valuable and mobile than pre-euro currencies. We of...

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Veröffentlicht in:International economics and economic policy 2024-05, Vol.21 (2), p.343-362
Hauptverfasser: Thompson, Alexi, Jozefowicz, James J.
Format: Artikel
Sprache:eng
Schlagworte:
Burglary
Correlation analysis
Crime
Economic growth
Economic Policy
Economics
Economics and Finance
Euro
Generalized method of moments
Hypotheses
International Economics
Macroeconomics/Monetary Economics//Financial Economics
Measurement errors
Offenses
Original Paper
Panel data
Property
Property crime
Public Finance
Robbery
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Zusammenfassung:We study the effect of euro adoption on various property crimes for a group of Eurozone countries with data from 1993 to 2019. We hypothesize euro adoption has a positive association with home burglaries and robberies as the euro is relatively more valuable and mobile than pre-euro currencies. We offer a simple theoretical model to motivate the hypothesis. A dynamic panel data model is estimated by generalized method of moments (GMM) to account for endogeneity, measurement error, heteroskedasticity, and serial correlation. Our results indicate some evidence of a positive relationship between euro adoption and property crimes. Other countries considering euro adoption may find the results of our study informative.
ISSN:1612-4804
1612-4812
DOI:10.1007/s10368-024-00590-3