Full metadata
Title
EFFECT OF A CASHLESS ECONOMY ON THE ROBBERY RATE
Description
A global trend towards cashlessness following the increase in technological advances in financial transactions lends way to a discussion of its various impacts on society. As part of this discussion, it is important to consider how this trend influences crime rates. The purpose of this project is to specifically investigate the relationship between a cashless society and the robbery rate. Using data collected from the World Bank’s Global Financial Inclusions Index and the United Nations Office of Drugs and Crime, we implemented a multilinear regression to observe this relationship across countries (n = 29). We aimed to do this by regressing the robbery rate on cashlessness and controlling for other related variables, such as gross domestic product and corruption. We found that as a country becomes more cashless, the robbery rate decreases (β = -677.8379, p = 0.071), thus providing an incentive for countries to join this global trend. We also conducted tests for heteroscedasticity and multicollinearity. Overall, our results indicate that a reduction in the amount of cash circulating within a country negatively impacts robbery rates.
Date Created
2019-05
Contributors
- Choksi, Aashini S (Co-author)
- Elliott, Keeley (Co-author)
- Goegan, Brian (Thesis director)
- McDaniel, Cara (Committee member)
- School of International Letters and Cultures (Contributor)
- Department of Economics (Contributor)
- Dean, W.P. Carey School of Business (Contributor)
- Barrett, The Honors College (Contributor)
Topical Subject
Resource Type
Extent
20 pages
Language
Copyright Statement
In Copyright
Primary Member of
Series
Academic Year 2018-2019
Handle
https://hdl.handle.net/2286/R.I.51918
Level of coding
minimal
Cataloging Standards
System Created
- 2019-02-20 11:00:03
System Modified
- 2021-08-11 04:09:57
- 2 years 9 months ago
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