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Gambling as a Restraint to the Italian Economy

Author

Listed:
  • Annunziata de Felice
  • Isabella Martucci

Abstract

The Italian economy is undergoing a period of economic recession, which is expressed in a contraction in domestic demand and a reduction in investment. Notwithstanding a decrease in the per-capita spending on durable and non-durable goods, for some years, there has been an increase in spending on gambling. The market for legal gambling is a large, broad market, strongly influenced by changes in consumer preferences and by technological innovation. This market, in continuous evolution, does not seem to be affected by the crisis, because the possibility of an easy income exerts a significant attraction.The aim of this work is to demonstrate that gambling does not contribute to economic growth in spite of the increase of the gambling spending.JEL classification numbers: D1; D12; M31Keywords: Gambling; Internet gambling Household Economics; Consumption

Suggested Citation

  • Annunziata de Felice & Isabella Martucci, 2017. "Gambling as a Restraint to the Italian Economy," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 7(1), pages 1-5.
    • Handle: RePEc:spt:admaec:v:7:y:2017:i:1:f:7_1_5
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    References listed on IDEAS

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    1. Douglas M. Walker, 2007. "Problems in Quantifying the Social Costs and Benefits of Gambling," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 609-645, July.
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    3. Mikesell, John L., 1994. "State Lottery Sales and Economic Activity," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(1), pages 165-171, March.
    4. Mikesell, John L., 1994. "State Lottery Sales and Economic Activity," National Tax Journal, National Tax Association, vol. 47(1), pages 165-71, March.
    5. Lia Nower & Alex Blaszczynski, 2006. "Impulsivity and Pathological Gambling: A Descriptive Model," International Gambling Studies, Taylor & Francis Journals, vol. 6(1), pages 61-75, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    gambling; internet gambling household economics; consumption;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    Statistics

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