Abstract

http://ssrn.com/abstract=1094329
 
 

References (45)



 


 



Organized Crime and Foreign Direct Investment: The Italian Case


Vittorio Daniele


Magna Graecia University of Catanzaro

Ugo Marani


University of Naples Federico II - Department of Economics

January 2008


Abstract:     
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 purposes, including mafia (Art. 416 and 416 bis of the Italian Penal Code); attacks; arson. Several control variables are used, included a proxy for (financial) investment incentives provided by public sectors. Estimation suggests that FDI inflows are influenced by different variables. Our results show that the extent of extortion and the number of persons denounced for "criminal association" are significantly and negatively correlated with FDI inflows. Finally, our analysis suggests the presence of organized crime is a strong disincentive for foreign investors, particularly in the less developed Italian provinces.

Number of Pages in PDF File: 30

Keywords: FDI determinants, Italy, Mezzogiorno, crime, regional attractiveness

JEL Classification: F23, R30, R38

working papers series


Download This Paper

Date posted: February 17, 2008  

Suggested Citation

Daniele, Vittorio and Marani , Ugo, Organized Crime and Foreign Direct Investment: The Italian Case (January 2008). Available at SSRN: http://ssrn.com/abstract=1094329 or http://dx.doi.org/10.2139/ssrn.1094329

Contact Information

Vittorio Daniele (Contact Author)
Magna Graecia University of Catanzaro ( email )
Viale Europa - Germaneto
Catanzaro, Catanzaro 88100
Italy
Ugo Marani
University of Naples Federico II - Department of Economics ( email )
Via Cintia Monte S. Angelo
Napoli, 80126
Italy
+39081675029 (Phone)
+39081675014 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,443
Downloads: 224
Download Rank: 44,907
References:  45

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.282 seconds