Revisiting the economic theory of crime A state-level analysis in India

<p dir="ltr">The economic theory of crime tends to suggest that deterrence variables have a significant impact on crime rates in a society. From an economic perspective, criminals are rational economic agents who weigh the likelihood of being arrested and apprehended before committin...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Pranav Raj (17933381) (author)
مؤلفون آخرون: Md Mizanur Rahman (3717739) (author)
منشور في: 2023
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author Pranav Raj (17933381)
author2 Md Mizanur Rahman (3717739)
author2_role author
author_facet Pranav Raj (17933381)
Md Mizanur Rahman (3717739)
author_role author
dc.creator.none.fl_str_mv Pranav Raj (17933381)
Md Mizanur Rahman (3717739)
dc.date.none.fl_str_mv 2023-02-18T03:00:00Z
dc.identifier.none.fl_str_mv 10.1080/23311886.2023.2170021
dc.relation.none.fl_str_mv https://figshare.com/articles/journal_contribution/Revisiting_the_economic_theory_of_crime_A_state-level_analysis_in_India/25202009
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Economics
Applied economics
Human society
Criminology
Sociology
crime
economic growth
deterrence
socioeconomic determinants
panel-data
system GMM
dc.title.none.fl_str_mv Revisiting the economic theory of crime A state-level analysis in India
dc.type.none.fl_str_mv Text
Journal contribution
info:eu-repo/semantics/publishedVersion
text
contribution to journal
description <p dir="ltr">The economic theory of crime tends to suggest that deterrence variables have a significant impact on crime rates in a society. From an economic perspective, criminals are rational economic agents who weigh the likelihood of being arrested and apprehended before committing a crime. An increase in the likelihood of arrest and apprehension should deter criminals as it increases the expected costs of committing crimes. This paper revisits the behavioral links between deterrence variables and crime rates in the Indian context. Empirically, we draw on state level data for India in 2001–2014 and employ the system GMM estimator technique to support our claims. The study reports that deterrence factors (probability of arrest and apprehension) have a perverse impact on India’s crime rates. The paper reveals that an increase in the probability of deterrence variables does not lead to a reduction in crime rates, indicating a fundamental flaw in India’s corrective mechanisms. The research recommends penal system reform in order to accurately reconfigure the behavioral links between deterrence variables and crime rates.</p><h2>Other Information</h2><p dir="ltr">Published in: Cogent Social Sciences<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/23311886.2023.2170021" target="_blank">https://dx.doi.org/10.1080/23311886.2023.2170021</a></p>
eu_rights_str_mv openAccess
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oai_identifier_str oai:figshare.com:article/25202009
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spelling Revisiting the economic theory of crime A state-level analysis in IndiaPranav Raj (17933381)Md Mizanur Rahman (3717739)EconomicsApplied economicsHuman societyCriminologySociologycrimeeconomic growthdeterrencesocioeconomic determinantspanel-datasystem GMM<p dir="ltr">The economic theory of crime tends to suggest that deterrence variables have a significant impact on crime rates in a society. From an economic perspective, criminals are rational economic agents who weigh the likelihood of being arrested and apprehended before committing a crime. An increase in the likelihood of arrest and apprehension should deter criminals as it increases the expected costs of committing crimes. This paper revisits the behavioral links between deterrence variables and crime rates in the Indian context. Empirically, we draw on state level data for India in 2001–2014 and employ the system GMM estimator technique to support our claims. The study reports that deterrence factors (probability of arrest and apprehension) have a perverse impact on India’s crime rates. The paper reveals that an increase in the probability of deterrence variables does not lead to a reduction in crime rates, indicating a fundamental flaw in India’s corrective mechanisms. The research recommends penal system reform in order to accurately reconfigure the behavioral links between deterrence variables and crime rates.</p><h2>Other Information</h2><p dir="ltr">Published in: Cogent Social Sciences<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1080/23311886.2023.2170021" target="_blank">https://dx.doi.org/10.1080/23311886.2023.2170021</a></p>2023-02-18T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1080/23311886.2023.2170021https://figshare.com/articles/journal_contribution/Revisiting_the_economic_theory_of_crime_A_state-level_analysis_in_India/25202009CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/252020092023-02-18T03:00:00Z
spellingShingle Revisiting the economic theory of crime A state-level analysis in India
Pranav Raj (17933381)
Economics
Applied economics
Human society
Criminology
Sociology
crime
economic growth
deterrence
socioeconomic determinants
panel-data
system GMM
status_str publishedVersion
title Revisiting the economic theory of crime A state-level analysis in India
title_full Revisiting the economic theory of crime A state-level analysis in India
title_fullStr Revisiting the economic theory of crime A state-level analysis in India
title_full_unstemmed Revisiting the economic theory of crime A state-level analysis in India
title_short Revisiting the economic theory of crime A state-level analysis in India
title_sort Revisiting the economic theory of crime A state-level analysis in India
topic Economics
Applied economics
Human society
Criminology
Sociology
crime
economic growth
deterrence
socioeconomic determinants
panel-data
system GMM