Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191276 
Year of Publication: 
2018
Series/Report no.: 
ifo Working Paper No. 271
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
Despite a general agreement that piracy poses a significant threat to maritime shipping, empirical evidence regarding its economic consequences remains scarce. This paper takes a step towards filling the gap by combining firm-level Chinese customs data with information on pirate attacks to investigate how exporting firms respond to maritime piracy. It finds that overall exports along a particular shipping route fall following an increase in pirate activity. In addition, piracy induces firms to switch from ocean to air shipping, while the remaining ocean shipments become larger.
Subjects: 
Trade
transport
China
piracy
JEL: 
F14
F19
N70
R41
Document Type: 
Working Paper

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