ENVIRONMENTAL CRIME REVENUES, CORRUPTION AND MONEY LAUNDERING: THE ROLE OF THE REAL-ESTATE

Donato Masciandaro () and Raffaella Barone

No 23211, BAFFI CAREFIN Working Papers from BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy

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.

Keywords: environmental crime; corruption; money laundering; real-estate sector; Italy (search for similar items in EconPapers)
JEL-codes: D7 F18 K4 R30 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-env, nep-eur, nep-law and nep-ure
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