| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14326 |
| DP14326 The economic impact of organized crime infiltration in the legal economy: evidence from the judicial administration of organized crime firms | |
| Francesca Calamunci; Francesco Drago | |
| 发表日期 | 2020-01-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We analyze the economic consequences on firm profitability, performance, and investments of having another firm in the same market affiliated with a criminal organization. We do so by evaluating the spillover effects of a law providing the judicial administration of organized crime firms through the imposition of external managers in order to remove the connection to the criminal organization, and at the same time guarantee the continuity of production. By using detailed information on more than 180,000 companies, we exploit the firms’ yearly variation in the exposure to criminal firms’ judicial administration in their market (in the same province and industry). The empirical design allows us to control for confounding effects at the firm, market, and year levels. The results show that there is a large, positive spillover from the enforcement law, suggesting that the burden the organized crime firms impose on other firms is very large. Firms’ performance and turnover increases by 2.2 and 0.7 percent, respectively, in the first four years after an organized crime firm enters the status of judicial administration. Investments measured by tangible and intangible assets increase with the number of firms entering into judicial administration by 0.75 percent. These results suggest that intensifying confiscation measures against criminal organizations has a strong positive effect on the economy. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Organized crime Public policy evaluation Event study analysis |
| URL | https://cepr.org/publications/dp14326 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543218 |
| 推荐引用方式 GB/T 7714 | Francesca Calamunci,Francesco Drago. DP14326 The economic impact of organized crime infiltration in the legal economy: evidence from the judicial administration of organized crime firms. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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