Artikel
Where has the rum gone? The impact of maritime piracy on trade and transport
Despite a general agreement that piracy poses a significant threat to maritime shipping, empirical evidence regarding its economic consequences remains scarce. This paper combines firm-level Chinese customs data and ship position data with information on pirate attacks to investigate how exporting firms and cargo ships respond to maritime piracy. It finds that overall exports along affected shipping routes fall following an increase in pirate activity. In addition, piracy induces firms to switch from ocean to air shipping, while remaining ocean shipments become larger. At the ship-level, the paper provides evidence for re-routing, as container ships avoid regions prone to pirate attacks.
- Language
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Englisch
- Bibliographic citation
-
Journal: Review of World Economics ; ISSN: 1610-2886 ; Volume: 158 ; Year: 2021 ; Issue: 3 ; Pages: 751-778
- Classification
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Wirtschaft
Empirical Studies of Trade
Trade: Other
Economic History: Transport, International and Domestic Trade, Energy, Technology, and Other Services: General, International, or Comparative
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
- Subject
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Trade
Transport
China
Piracy
Container Shipping
- Event
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Geistige Schöpfung
- (who)
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Sandkamp, Alexander
Stamer, Vincent
Yang, Shuyao
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Berlin, Heidelberg
- (when)
-
2021
- DOI
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doi:10.1007/s10290-021-00442-1
- Last update
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10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Sandkamp, Alexander
- Stamer, Vincent
- Yang, Shuyao
- Springer
Time of origin
- 2021
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