Bank of Italy paper analyses impact of organised crime

Central Banking Newsdesk
30 May 2012

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A working paper, published by the Bank of Italy, studies the economic impact of organised crime in the country.

The author, Paolo Pinotti, focuses on the experience of the regions Apulia and Basilicata, which saw significant increases in organised crime in the 1970s. Pinotti assesses the effect of organised crime on Apulia and Basilicata when compared with a control group of other regions, finding that "the advent of organised crime coincides with a sudden slowdown of economic development".

Pino

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