The impact of anti-organized crime on business environment: Evidence from China's anti-Mafia campaign

Xifen Lin, Wanqiang Wu, Huanqi Lan and Yong Ma

International Review of Economics & Finance, 2024, vol. 95, issue C

Abstract: This paper investigates the impact of China's 2018–2020 anti-Mafia campaign on the business environment. Using a novel dataset on organized crime prosecutions across China's prefecture-level cities and above, we find that the anti-Mafia campaign significantly improved the overall business environment. Probing the mechanisms, we show that the anti-Mafia policy enhanced the business environment through four key channels: increasing international trade and investment, bolstering domestic commercial activities, improving government effectiveness, and promoting public safety. Our findings pass a battery of robustness checks. We contribute to studies on organized crime economics and highlight the need for continued efforts to combat the Mafia.

Keywords: Business environment; Organized crime; Anti-mafia; Law and business; China (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:95:y:2024:i:c:s1059056024004271

DOI: 10.1016/j.iref.2024.103435

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