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Entrepreneurs, Risk Aversion and Dynamic Firms

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  • Kyriakos C. Neanidis
  • Maria Paola Rana

Abstract

This paper empirically examines the determinants of organized crime and of common crime in a panel of Italian regions over the period 1983-2003. In line with the literature, these factors include economic, socio-demographic, and crime-deterrence indicators. The analysis shows that both organized and common crimes respond symmetrically to some drivers, such as crime-deterrence variables and the share of a region’s economically active population, reducing both categories of crime. At the same time, there are drivers that influence only one of these types of crime, with higher education and population density both raising organized crime. Overall, this study points to the importance of disentangling the examination of the factors that drive organized crime from those of common crime, useful for the development of strategies specific to addressing each type of crime.

Suggested Citation

  • Kyriakos C. Neanidis & Maria Paola Rana, 2014. "Entrepreneurs, Risk Aversion and Dynamic Firms," Centre for Growth and Business Cycle Research Discussion Paper Series 190, Economics, The University of Manchester.
    • Handle: RePEc:man:cgbcrp:190
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    File URL: http://hummedia.manchester.ac.uk/schools/soss/cgbcr/discussionpapers/dpcgbcr190.pdf
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