1,720,989 research outputs found
Testing the effects of crime on Italian economy
No full textThis paper aims at assessing the causal and temporal relationships between crime and the economic indicators related
to the aggregated demand function. The case study is Italy and a quarterly frequency is used (1981:1-2005:4). A
Vector Autoregressive Correction Mechanism (VECM) is employed after having assessed the integration and
cointegration status of the variables under investigation. Long and short run dynamics are estimated. A Granger
causality test is also implemented to establish temporal interrelationships. The main findings are that, in the short run,
crime positively effects GDP and government expenditure, while has a crowding out effect on exports. In the long run,
crime positively leads imports and inflation, whereas negatively investments and government expenditure
The economic consequences of crime in Italy
No full textAbstract
This paper employs provincial data to study the relationship between several crime typologies, namely murder, robbery, extortion and fraud, and economic output in Italy. We employ a spatial econometric approach where the spatial proximity is defined by a measure of physical distance between locations, in order to take into account possible spill-over effects. The results of the spatial estimation suggest that criminal activities, namely murder and robbery, exhibit a negative impact on Italian gross domestic product while fraud and total crime do not affect economic output and that there are beneficial spill-overs from neighbouring provinces
Choosing pictures at an exhibition: do identity values influence the willingness to pay for art?
No full textThis paper aims to analyse to what extent the willingness to pay of art gallery visitors for the preservation of cultural artefacts is affected by the identity traits of the objects. To this purpose, we designed a discrete choice experiment that took place during a major exhibition dedicated to the artist Costantino Nivola (1911–1988) in Sassari (Sardinia, Italy). His works are known worldwide and many of them were produced after he moved from Sardinia to the United States in 1939. As a result, both the American and the Sardinian culture show up in his works and, in particular, were clearly visible in the exhibition under study. The discrete choice experiments allowed us to elicit respondents’ preferences towards the identity features stemming from Nivola’s artefacts. The results confirm the importance of this component indicating that its presence almost doubles respondents’ willingness-to-pay for the acquisition of these artefacts to a permanent collection
Ransom Kidnapping
No full textThe practice of kidnapping for ransom, a pred- atory crime carried out mostly by criminal organizations, is a salient phenomenon in many regions of the world. It causes serious harm not only to victims and their families but also to private and social capital. As a paradigmatic rational crime involving negotiations, the incentives to commit the crime and the way it ends change with the probability severity of punishment, the kidnapper’s willingness to kill the hostage, and the value of the hostage life from the point of view of the family. Limiting the family’s ability to pay reduces the frequency of the offense but opens the possibility of unintended conse- quences in terms of fatalities and duration of abduction
Understanding Ransom Kidnapping and its Duration
No full textWhat factors drive the length of a kidnapping experience? A theoretical model is developed to conduct comparative statics. A unique data set covering all kidnappings for ransom in Sardinia between 1960 and 2010 is analyzed. Factors related to the ability to pay and cost of abduction matter. The effect of policies aimed at deterring the crime have mixed effects on its duratio
Understanding Ransom Kidnappings and Their Duration
No full textWhat factors drive the length of a kidnapping experience? A theoretical
model is developed to conduct comparative statics. A unique data set
covering all kidnappings for ransom in Sardinia between 1960 and 2010
is analyzed. Factors related to the ability to pay and cost of abduction
matter. The effect of policies aimed at deterring the crime have mixed
effects on its duration
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