Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286767 
Year of Publication: 
2021
Citation: 
[Journal:] Review of World Economics [ISSN:] 1610-2886 [Volume:] 158 [Issue:] 3 [Year:] 2021 [Pages:] 751-778
Publisher: 
Springer, Berlin, Heidelberg
Abstract: 
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.
Subjects: 
Trade
Transport
China
Piracy
Container Shipping
JEL: 
F14
F19
N70
R41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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