IDEAS home Printed from https://ideas.repec.org/a/taf/uterxx/v38y2015i8p671-689.html
   My bibliography  Save this article

Economic Factors for Piracy: The Effect of Commodity Price Shocks

Author

Listed:
  • Alexander Knorr

Abstract

This study treats piracy as a civil conflict event where participants are substituting from legal work to illegal activity in response to lower commodity prices (opportunity cost effect). The analysis exploits exogenous variation in nine different commodity prices across seventeen countries around the globe. Results show that as commodity prices decrease maritime piracy attacks increase, which is consistent with results found in civil conflict literature. In the context of actual commodity shocks these piracy attacks represent increases ranging from .452 to 2.59 more attacks per year in the ordinary least squares and .495 to 20.71 attacks per year in the Poisson specification.

Suggested Citation

Handle: RePEc:taf:uterxx:v:38:y:2015:i:8:p:671-689
DOI: 10.1080/1057610X.2015.1042267
as

Download full text from publisher

File URL: http://hdl.handle.net/10.1080/1057610X.2015.1042267
Download Restriction: Access to full text is restricted to subscribers.
File URL: https://libkey.io/10.1080/1057610X.2015.1042267?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

As the access to this document is restricted, you may want to search for a different version of it.

More about this item

Statistics

Access and download statistics

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:taf:uterxx:v:38:y:2015:i:8:p:671-689. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/uter20 .

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.