Do Crime-Prone Areas Attract Gambling Shops? A Case of London Boroughs

Yoshimoto, H. and Kumar, P. (2016) Do Crime-Prone Areas Attract Gambling Shops? A Case of London Boroughs. Working Paper. SSRN. (Unpublished)

Yoshimoto, H. and Kumar, P. (2016) Do Crime-Prone Areas Attract Gambling Shops? A Case of London Boroughs. Working Paper. SSRN. (Unpublished)

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Publisher's URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2801017

Abstract

We investigate a causal effect of crime on the number of betting shops by using annual data from London boroughs (2007-2015). Using an instrumental variable strategy, we estimate a panel model accounting for omitted variables and borough-level heterogeneity. Our estimation results show that a 1% increase in crime rate causes a 1.2% increase in the number of betting shops (per capita). Put differently, a new betting shop opens in a borough for every 1.4% increase in the local crime rate, on average. The causal effect is robust across a variety of specifications, although the magnitude varies across models.

Item Type:Research Reports or Papers (Working Paper)
Status:Unpublished
Refereed:No
Glasgow Author(s) Enlighten ID:Yoshimoto, Dr Hisayuki
Authors: Yoshimoto, H., and Kumar, P.
Subjects:H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor
College/School:College of Social Sciences > School of Social and Political Sciences > Economic and Social History
Journal Name:Do Crime-Prone Areas Attract Gambling Shops? A Case of London Boroughs
Publisher:SSRN
Copyright Holders:Copyright © 2016 The Authors
Publisher Policy:Reproduced with the permission of the authors

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