Can changes in sentence severity affect crime rates? Justify your answer. Discuss the econometric problems that prevent

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Can changes in sentence severity affect crime
rates? Justify your answer. Discuss the econometric problems
that prevent the identification of the causal effect of interest in a
simple OLS framework. Outline the empirical strategies used to
tackle these econometric problems. Critically discuss the
identification strategies and the findings of the related studies
presented during the module. Draw conclusions in your answer
on whether,
on whether, how, and to what extent, changes in sentence
severity can affect criminal activity. [Strict Limit 1,500 words
excluding references]