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Organized Crime and Foreign Direct Investment: the Italian Case

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Author Info
Vittorio, Daniele
Ugo , Marani

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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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7279.

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Date of creation: 29 Jan 2008
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Handle: RePEc:pra:mprapa:7279

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Related research
Keywords: Foreign Direct Investments determinants; Italy: Mezzogiorno; crime; regional attractiveness.;

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Find related papers by JEL classification:
R30 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - General
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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