Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/209732 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
Working Paper No. 251
Versionsangabe: 
Revised version, December 2019
Verlag: 
University of Zurich, Department of Economics, Zurich
Zusammenfassung: 
We study the investment of organized crime in the legal economy. By using the shock induced on the Italian credit market by the 2007 subprime mortgage crisis, we document how provinces with a high organized crime presence have been impacted less by the crisis in terms of the establishment of new enterprises than provinces with a lower criminal infiltration. We provide evidence that the lower impact of the crisis is consistent with the presence of investments by organized crime in the legal economy. We corroborate this interpretation by comparing our results with the characterization made by the judicial authority of such investments and ruling out possible alternative explanations.
Schlagwörter: 
Mafia
organized crime
established enterprises
crisis
JEL: 
K42
L26
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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