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Maritime Piracy: Socio-Economic, Political, and Institutional Determinants

Author

Listed:
  • Thomas Gries

    (University of Paderborn)

  • Margarete Redlin

    (University of Paderborn)

Abstract

Over the last twenty years piracy has become an increasing threat. Yet there are only very few econometric studies that examine under which conditions this phenomenon arises. As the number of maritime piracy and armed robbery incidents is characterized as count data and exhibits overdispersion, we apply random-effects negative binomial regressions for a panel dataset covering the period 1991-2010. Our results indicate that poor socio-economic, political, and institutional conditions in the host country increase the likelihood of piracy attacks.

Suggested Citation

  • Thomas Gries & Margarete Redlin, 2014. "Maritime Piracy: Socio-Economic, Political, and Institutional Determinants," Working Papers CIE 75, Paderborn University, CIE Center for International Economics.
    • Handle: RePEc:pdn:ciepap:75
    as

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    File URL: http://groups.uni-paderborn.de/wp-wiwi/RePEc/pdf/ciepap/WP75.pdf
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    References listed on IDEAS

    as
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    2. Inmaculada Mart�nez-Zarzoso & Sami Bensassi, 2013. "The Price Of Modern Maritime Piracy," Defence and Peace Economics, Taylor & Francis Journals, vol. 24(5), pages 397-418, October.
    3. Helen B Bendall, 2010. "Cost of piracy: A comparative voyage approach," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 12(2), pages 178-195, June.
    4. Xiaowen Fu & Adolf K.Y. Ng & Yui-Yip Lau, 2010. "The impacts of maritime piracy on global economic development: the case of Somalia," Maritime Policy & Management, Taylor & Francis Journals, vol. 37(7), pages 677-697, December.
    5. World Bank & United Nations Office on Drugs and Crime & Interpol, 2013. "Pirate Trails : Tracking the Illicit Financial Flows from Pirate Activities off the Horn of Africa," World Bank Publications - Books, The World Bank Group, number 16196.
    6. Maximo Mejia & Pierre Cariou & Francois-Charles Wolff, 2009. "Is maritime piracy random?," Applied Economics Letters, Taylor & Francis Journals, vol. 16(9), pages 891-895.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Maritime Piracy; Economic Development;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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