Barone, Guglielmo; Narciso, Gaia - Banca d'Italia - 2013
Organized crime is widely regarded as damaging to the economy, to say nothing of people�s lives. Yet little is known … about the mechanism at work. This paper helps fill the gap by analyzing the impact of organized crime on the allocation of … whether organized crime diverts public funding. We exploit exogenous variations at the level of municipalities to instrument …