IFS/STICERD/UCL Development Work in Progress Seminar
Mafia infiltrations in times of crisis: Evidence from the Covid-19 shock
Marco Castelluccio (Institute for Fiscal Studies), joint with Lucia Rizzica (Bank of Italy)
Thursday 02 March 2023 13:00 - 14:00
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About this event
We investigate the way in which mafia-type organisations penetrate the legal economy. Specifically, we study the relationship between firm performance and mafia infiltration. To overcome possible endogeneity concerns we exploit the shock in revenues caused by the Covid-19 related closures imposed in Spring 2020 in Italy. Our estimates reveal that the induced sudden and significant worsening of affected firms financial conditions increased the likelihood of them being infiltrated by mafia connected entrepreneurs. At the same time, however, the measures adopted by the Italian government to ease access to formal credit for the most affected firms proved successful in counteracting such phenomenon.
This seminar series is jointly organized by the IFS, STICERD, and UCL.
IFS/STICERD/UCL Development Economics Work In Progress seminars are held on Thursdays in term time at 14:00-15:00, at the IFS, unless specified otherwise.
Seminar organisers: Oriana Bandiera (STICERD, LSE), Imran Rasul (UCL), Britta Augsburg (IFS) and Jonathan Weigel (LSE).
For further information please contact Britta Augsburg: britta_a@ifs.org.uk.
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