The paper estimates the effects of organized crime on FDI inflows in 103 Italian provinces in the period 2004-06. The presence of organized crime at a provincial level is quantified through several indicators, based on data for different kinds of crimes: extortion; association for criminal...

Organized crime satisfies the demand for protection and enforcement of property rights in the absence of effective government institutions. However, weak law enforcement alone cannot explain the cross-regional differences in mafia activity. This chapter develops a feedback model of economic...

Organized crime satisfies the demand for protection and enforcement of property rights in the absence of effective government institutions. However, weak law enforcement alone cannot explain the cross-regional differences in mafia activity. This chapter develops a feedback model of economic...

The objective of this paper is to examine the impact of crime on FDI inflows in 103 Italian provinces. The incidence of criminality is measured through the number of complaints for different kinds of crime. The analysis has been conducted using different estimation methods for panel data. The...