Mafia doesn't live here anymore: Antimafia policies and housing prices

IF 3.2 3区 经济学 Q1 ECONOMICS Journal of Regional Science Pub Date : 2023-05-08 DOI:10.1111/jors.12647
Francesca M. Calamunci, Livio Ferrante, Rossana Scebba, Gianpiero Torrisi
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Abstract

It is well known that the value of a house depends both on the physical characteristics and on some features of the neighborhood in which it is located. If so, organized-crime activities can significantly affect urban real estate values. Antimafia policies, in turn, can be intended as a tool to influence those external features. This paper compares the effects on real estate values of the two main antimafia policies implemented in Italy since the 1990s at the municipal level. While we do not find any significant effect of dismissal policies on house prices, we find a statistically significant effect of reassignment policies depending on the specific destination of confiscated property.

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黑手党不再住在这里:扫黑政策和房价
众所周知,一所房子的价值既取决于它的物理特性,也取决于它所在社区的一些特征。如果是这样,有组织犯罪活动可以显著影响城市房地产价值。反贪政策反过来又可以作为影响这些外部特征的工具。本文比较了意大利自20世纪90年代以来在市级实施的两项主要反黑手党政策对房地产价值的影响。虽然我们没有发现解雇政策对房价有任何显著影响,但我们发现,根据没收财产的具体目的地,重新分配政策在统计上有显著影响。
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来源期刊
CiteScore
4.90
自引率
6.70%
发文量
54
期刊介绍: The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.
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