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Title:The price of modern maritime piracy PDF Logo
Authors:Martínez-Zarzoso, Inmaculada
Bensassi, Sami
Issue Date:2011
Series/Report no.:Discussion papers, Ibero America Institute for Economic Research 213
Abstract:A growing body of literature has recently focused on the economic origins and consequences of modern maritime piracy and on the perception that the international community has failed to control it. This paper aims to investigate maritime transport costs as one of the channels through which modern maritime piracy could have a major impact on the global economy. A transportcost equation is estimated using a newly released dataset on maritime transport cost from the OECD together with data on maritime piracy from the IMB. Our results show that maritime piracy significantly increases trade cost between Europe and Asia.
Subjects:maritime piracy
transport costs
maritime trade
panel data
JEL:F51
Document Type:Working Paper
Appears in Collections:Discussion Papers, IAI, Universität Göttingen

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