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ID123164
Title ProperPrice of modern maritime piracy
LanguageENG
AuthorMartinez-Zarzoso, Inmaculada ;  Bensassi, Sami
Publication2013.
Summary / Abstract (Note)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 transport-cost equation is estimated using a newly released data-set on maritime transport costs from the Organization for Economic Cooperation and Development together with data on maritime piracy from the International Maritime Bureau. Our results show that maritime piracy significantly increases trade costs between Europe and Asia.
`In' analytical NoteDefence and Peace Economics Vol. 24, No.5; Oct 2013: p.397-418
Journal SourceDefence and Peace Economics Vol. 24, No.5; Oct 2013: p.397-418
Key WordsMaritime Piracy ;  Transport Costs ;  Maritime Trade ;  Panel Data


 
 
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