IDEAS home Printed from https://ideas.repec.org/a/mth/jad888/v4y2018i2p1-43.html
   My bibliography  Save this article

Piracy in the Gulf of Guinea: Impacts to Maritime Transportation and Maritime Security

Author

Listed:
  • Nana Raymond Lawrence Ofosu-Boateng (Capt.)

Abstract

Piracy attacks in the Gulf of Guinea have taken a worrying trend. Unlike the Somali pirates, the pirates in the Gulf of Guinea target the cargoes, especially the oil laden tankers for their cargo. This disruption is impacting negatively on shipping in this sea lane. There are consequences to be suffered due to these pirate attacks on shipping in this region. This study delves into piracy and Maritime Transportation and Maritime Security in the Gulf of Guinea. The aim of this study is to analyse the impacts of piracy on different economic indicators and measurements with shipping as the vector of maritime transport. The economic indicators such as the liner shipping index, gross domestic product growth rate, imports growth rate, exports as a percentage of gross domestic product, and oil production as oil rents as a percent of gross domestic product. An Input-Output analysis to determine the interdependencies between variables. A Fixed Effects Model is used to show the relationship between pirate attacks and the countries distance from the Gulf of Guinea. A Correlation Analysis is conducted in respect of the countries and years based on the research question. A Chi Square test is conducted to test the hypotheses.

Suggested Citation

  • Nana Raymond Lawrence Ofosu-Boateng (Capt.), 2018. "Piracy in the Gulf of Guinea: Impacts to Maritime Transportation and Maritime Security," Journal of Asian Development, Macrothink Institute, vol. 4(2), pages 1-43, November.
    • Handle: RePEc:mth:jad888:v:4:y:2018:i:2:p:1-43
    as

    Download full text from publisher

    File URL: http://www.macrothink.org/journal/index.php/jad/article/view/13124/10376
    Download Restriction: no
    File URL: http://www.macrothink.org/journal/index.php/jad/article/view/13124
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mth:jad888:v:4:y:2018:i:2:p:1-43. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Technical Support Office (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/jad .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.