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Environmental Crime Revenues, Corruption And Money Laundering: The Role Of The Real-Estate

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  • Donato Masciandaro
  • Raffaella Barone

Abstract

We offer a theoretical and empirical analysis of the intertwined relationships among environmental crime revenues, corruption, and money laundering, when the illegal cleaning process is implemented via the real-estate sector. Modelling such as relationships through a logistic function, we estimate the overall environmental crime revenues using Italian regional data from 1995 to 2020.

Suggested Citation

  • Donato Masciandaro & Raffaella Barone, 2023. "Environmental Crime Revenues, Corruption And Money Laundering: The Role Of The Real-Estate," BAFFI CAREFIN Working Papers 23211, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    • Handle: RePEc:baf:cbafwp:cbafwp23211
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    References listed on IDEAS

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    More about this item

    Keywords

    environmental crime; corruption; money laundering; real-estate sector; Italy;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • F18 - International Economics - - Trade - - - Trade and Environment
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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