An investigation of the Causal Relationship between Oil Prices and Violent Crime in Europe and Central Asia
(2022) NEKN01 20221Department of Economics
- Abstract
- One of the most harmful social issues throughout the world is crime, making it an important
subject to research. This essay investigates the relationship between violent crime and oil prices
in Europe and Central Asia. The relationship is less researched than crime and other
socioeconomic variables such as unemployment and economic growth. The casual relationship
is tested using the PVAR model and the program developed by Abrigo and Love (2016) for
STATA was used for the regression. The crimes that were evaluated was homicides, sexual
violence, robbery, and assault. The data spans from 1990 to 2020 and it has primarily been
obtained from The World Bank, Statista, and UNODC.
The results showed that assault had a statistically... (More) - One of the most harmful social issues throughout the world is crime, making it an important
subject to research. This essay investigates the relationship between violent crime and oil prices
in Europe and Central Asia. The relationship is less researched than crime and other
socioeconomic variables such as unemployment and economic growth. The casual relationship
is tested using the PVAR model and the program developed by Abrigo and Love (2016) for
STATA was used for the regression. The crimes that were evaluated was homicides, sexual
violence, robbery, and assault. The data spans from 1990 to 2020 and it has primarily been
obtained from The World Bank, Statista, and UNODC.
The results showed that assault had a statistically significant positive relationship with oil
prices. If oil prices increase with 1% the one year lagged assault rates increase with 0.38%. For
countries with oil reserves the lagged assault increase is 0.67% and for countries without oil
reserves, the lagged assault increase is 0.35%. The other types of violent crime were not
significantly affected by changes in oil prices. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9100287
- author
- Karlsson, Saga LU
- supervisor
- organization
- course
- NEKN01 20221
- year
- 2022
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Crime, Oil Prices, Panel Vector Autoregression, PVAR
- language
- English
- id
- 9100287
- date added to LUP
- 2022-10-10 09:22:34
- date last changed
- 2022-10-10 09:22:34
@misc{9100287, abstract = {{One of the most harmful social issues throughout the world is crime, making it an important subject to research. This essay investigates the relationship between violent crime and oil prices in Europe and Central Asia. The relationship is less researched than crime and other socioeconomic variables such as unemployment and economic growth. The casual relationship is tested using the PVAR model and the program developed by Abrigo and Love (2016) for STATA was used for the regression. The crimes that were evaluated was homicides, sexual violence, robbery, and assault. The data spans from 1990 to 2020 and it has primarily been obtained from The World Bank, Statista, and UNODC. The results showed that assault had a statistically significant positive relationship with oil prices. If oil prices increase with 1% the one year lagged assault rates increase with 0.38%. For countries with oil reserves the lagged assault increase is 0.67% and for countries without oil reserves, the lagged assault increase is 0.35%. The other types of violent crime were not significantly affected by changes in oil prices.}}, author = {{Karlsson, Saga}}, language = {{eng}}, note = {{Student Paper}}, title = {{An investigation of the Causal Relationship between Oil Prices and Violent Crime in Europe and Central Asia}}, year = {{2022}}, }