Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone help me answer questions 1 and 3 please? Thank you so much! I'll provide the both links needed below https://raw.githubusercontent.com/AlR0d/courses/main/4421/crime.csv https://www.jstor.org/stable/2109893 1. What

can someone help me answer questions 1 and 3 please? Thank you so much! I'll provide the both links needed below

https://raw.githubusercontent.com/AlR0d/courses/main/4421/crime.csv https://www.jstor.org/stable/2109893

image text in transcribed
1. What is the relationship between crime and punishment? This important question was examined by Cornwell and Trumbull' using a panel of data from North Carolina. The cross sections are 90 counties, and the data (crime.csv) are annual for the years 1981 through 1987. a. Read Cornwell, Christopher, and William N. Trumbull. "Estimating the Economic Model of Crime with Panel Data." The Review of Economics and Statistics (1994): 360-366, and write a brief summary of the authors' methodology and findings. b. Using the data from 1987, estimate a regression relating the number of police per capita polpc on the crime rate crmrte, the probability of an arrest prbarr (the ratio of arrests to offenses), the probability of conviction prbconv (the ratio of convictions to arrests), the probability of a prison sentence prbpris (the ratio of prison sentences to convictions), and the weekly wage in construction wcon. c. Write a summary of your findings. In your summary, explain what the values of the coefficients imply, i.e., explain the effect each variable has on police per capita

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: N Gregory Mankiw

9th Edition

1464182892, 9781464182891

More Books

Students also viewed these Economics questions

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago