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Where has the rum gone? The Impact of Maritime Piracy on Trade and Transport

8th March 2022
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Authors: Alexander Sandkamp, Vincent Stamer, Shuyao Yang (Review of World Economics, 2022, 158: 751–778)

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.

Keywords: Trade, Transport, China, Piracy, Container Shipping

JEL: F14, F19, N70, R41

 

DOI: https://doi.org/10.1007/s10290-021-00442-1


Involved Team members

  • Prof. Dr. Alexander Sandkamp

Involved Team members

  • Vincent Stamer

Projects

Project 1
Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains
Project 1
Experimental studies of moral responsibility in global supply chains
Project 1
Modelling economic and social dimensions of global supply chains
Project 1
Global supply chains, environmental regulation and green innovation

Other Projects

Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains Experimental studies of moral responsibility in global supply chains
Modelling economic and social dimensions of global supply chains Global supply chains, environmental regulation and green innovation Further KCG Projects

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