Dead man walking: an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration

@inproceedings{Narayan2006DeadMW,
  title={Dead man walking: an empirical reassessment of the deterrent effect of capital punishment using the bounds testing approach to cointegration},
  author={Paresh Kumar Narayan and Russell Smyth},
  year={2006}
}
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… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 19 CITATIONS

It's all relative: assessing prominent explanations for U.S. homicide trends

VIEW 19 EXCERPTS
CITES METHODS & BACKGROUND
HIGHLY INFLUENCED