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CASINOS, HOTELS, AND CRIME
Author(s) -
REECE WILLIAM S.
Publication year - 2010
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.2009.00172.x
Subject(s) - measure (data warehouse) , crime rate , economics , business , lag , econometrics , criminology , computer science , sociology , database , computer network
This paper examines the links among casinos, hotels, and crime using Indiana's counties for 1994‐2004. In estimating casinos' impacts, I introduce a measure of casino activity in addition to variables related to the timing of casino opening. I test whether or not the number of hotel rooms affects crime rates. Increased casino activity reduces crime rates except for burglary, where crime rates rise after a lag. Leaving out a measure of casino activity appears to create a serious specification error. Finally, including problem crime data plagued by incomplete reporting affects the estimated impact of casinos on crime. ( JEL R11, L83)