The effect of socio-economic determinants on crime rates: An empirical research in the case of Greece with cointegration analysis
The effect of socio-economic determinants on crime rates: An empirical research in the case of Greece with cointegration analysis

Summary/Abstract: The present paper analyzes the relationship between the criminal offences, the function of the justice system and some of their socio-economic determinants in the case of Greece by estimating their dynamic interactions. The analysis covers the period 1971-2006 and the cointegration methodologies of Johansen (1988) and Johansen- Juselius (1990, 1992) are applied to the VAR model. From the cointegration results, a cointegrating vector is shown among total offences, convicted persons and socio-economic variables. Moreover, Error Correction Models are estimated for the short-run dynamics of the explanatory variables and their convergence to a long-run equilibrium state.

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