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Is maritime piracy random?

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Author Info

  • Maximo Mejia
  • Pierre Cariou
  • Francois-Charles Wolff

Abstract

Far from being an extinct phenomenon, piracy still exists in the modern world and is a growing menace to the security and safety of shipping. Using the data on attacks against vessels reported between 1996 and 2005 merged with the data on the total world merchant fleet, this article inquires whether acts of piracy are a truly random occurrence. Results show that both flag of registry and type of vessel are significant factors in explaining maritime piracy.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850701222186&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 16 (2009)
Issue (Month): 9 ()
Pages: 891-895

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Handle: RePEc:taf:apeclt:v:16:y:2009:i:9:p:891-895

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Cited by:
  1. Sami Bensassi & Inmaculada Martínez-Zarzoso, 2012. "How Costly is Modern Maritime Piracy to the International Community?," Review of International Economics, Wiley Blackwell, vol. 20(5), pages 869-883, November.
  2. Pierre Cariou & François-charles Wolff, 2011. "A longitudinal analysis of piracy in shipping," Economics Bulletin, AccessEcon, vol. 31(2), pages 1055-1062.
  3. Calahorrano, Lena & an de Meulen, Philipp, 2010. "How to Tackle the Gulf of Aden Buccaneers," Proceedings of the German Development Economics Conference, Hannover 2010 31, Verein für Socialpolitik, Research Committee Development Economics.
  4. Inmaculada Martínez-Zarzoso & Sami Bensassi, 2011. "The price of modern maritime piracy," Ibero America Institute for Econ. Research (IAI) Discussion Papers 213, Ibero-America Institute for Economic Research.

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