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Economic Shocks in the Fisheries Sector and Maritime Piracy

  • Ludwig, Markus
  • Flückiger, Matthias

For a panel of 109 coastal countries we show that negative economic shocks in the fisheries sector are associated with an increase in maritime piracy. Our identification strategy uses the variation in the phytoplankton abundance off the individual countries' coasts, measured by satellite data, as a source of such shocks. We find that plankton abundance is positively related to fish catches but negatively associated with the incidence of piracy, onset and the absolute number of pirate attacks. Our instrumental variable estimates indicate that a one percent increase in fish catches reduces the risk of piracy occurring by one percentage point.

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File URL: http://mpra.ub.uni-muenchen.de/56959/1/MPRA_paper_56959.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 56959.

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Date of creation: 2014
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Handle: RePEc:pra:mprapa:56959
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  1. Markus Brückner, 2010. "Rain and the Democratic Window of Opportunity," 2010 Meeting Papers 224, Society for Economic Dynamics.
  2. Patrik Guggenberger & Frank Kleibergen & Sophocles Mavroeidis & Linchun Chen, 2012. "On the Asymptotic Sizes of Subset Anderson–Rubin and Lagrange Multiplier Tests in Linear Instrumental Variables Regression," Econometrica, Econometric Society, vol. 80(6), pages 2649-2666, November.
  3. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  4. Donald W.K. Andrews & James H. Stock, 2005. "Inference with Weak Instruments," Cowles Foundation Discussion Papers 1530, Cowles Foundation for Research in Economics, Yale University.
  5. Jeffrey M. Wooldridge, 2001. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262232197, June.
  6. Edward Miguel & Shanker Satyanath & Ernest Sergenti, 2004. "Economic Shocks and Civil Conflict: An Instrumental Variables Approach," Journal of Political Economy, University of Chicago Press, vol. 112(4), pages 725-753, August.
  7. Franco Malerba & Richard R. Nelson, 2012. "Introduction," Chapters, in: Economic Development as a Learning Process, chapter 1 Edward Elgar.
  8. Frank Kleibergen, 2004. "Testing Subsets of Structural Parameters in the Instrumental Variables," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 418-423, February.
  9. Tim Besley & Thiemo Fetzer & Hannes Mueller, 2012. "One Kind of Lawlessness: Estimating the Welfare Cost of Somali Piracy," Working Papers 626, Barcelona Graduate School of Economics.
  10. Oeindrila Dube & Juan F. Vargas, 2013. "Commodity Price Shocks and Civil Conflict: Evidence from Colombia," Review of Economic Studies, Oxford University Press, vol. 80(4), pages 1384-1421.
  11. Richard Arena & Agnès Festré & Nathalie Lazaric, 2012. "Introduction," Chapters, in: Handbook of Knowledge and Economics, chapter 1 Edward Elgar.
  12. Vincent Bignon & Eve Caroli & Roberto Galbiati, 2011. "Stealing to Survive: Crime and Income Shocks in 19th Century France," PSE Working Papers halshs-00623804, HAL.
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