Rana, MP ORCID: https://orcid.org/0000-0003-3498-9673, Blackbourn, K and Neanidis, KC
2017,
'A theory of organized crime, corruption and economic growth'
, Economic Theory Bulletin, 5 (2)
, pp. 227-245.
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Abstract
We develop a framework for studying the interactions between organized crime and corruption, together with the individual and combined effects of these phenomena on economic growth. Criminal organizations co-exist with law-abiding productive agents and potentially corrupt law enforcers. The crime syndicate obstructs the economic activities of agents through extortion, and may pay bribes to law enforcers in return for their compliance in this. We show how organized crime has a negative effect on growth, and how this effect may be either enhanced or mitigated in the presence of corruption. The outcome depends critically on a trade-off generated when corruption exists, that between a lower supply of crimes and the probability these crimes are more likely to be successful.
Item Type: | Article |
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Schools: | Schools > Salford Business School |
Journal or Publication Title: | Economic Theory Bulletin |
Publisher: | Springer International Publishing |
ISSN: | 2196-1085 |
Related URLs: | |
Depositing User: | MP Rana |
Date Deposited: | 19 Jan 2018 11:49 |
Last Modified: | 15 Feb 2022 22:49 |
URI: | http://usir.salford.ac.uk/id/eprint/45006 |
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