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"Robin Hook": The Developmental Effects of Somali Piracy

Anja Shortland ()

No 1155, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: Naval counter-piracy measures off Somalia have failed to change the incentives for pirates, raising calls for land-based approaches that may involve replacing piracy as a source of income. This paper evaluates the effects of piracy on the Somali economy to establish which (domestic) groups benefit from ransom monies. Given the paucity of economic data on Somalia, we evaluate province-level market data, nightlight emissions and high resolution satellite imagery. We show that significant amounts of ransom monies are spent within Somalia. The impacts appear to be spread widely, benefiting the working poor and pastoralists and offsetting the food price shock of 2008 in the pirate provinces. Pirates appear to invest their money principally in the main cities of Garowe and Bosasso rather than in the backward coastal communities.

Keywords: Somalia; piracy; cash transfers; economic development; remote sensing; satellite imaging (search for similar items in EconPapers)
JEL-codes: K42 O17 O18 R11 (search for similar items in EconPapers)
Pages: 37 p.
Date: 2011
New Economics Papers: this item is included in nep-agr and nep-law
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: "Robin Hook": The Developmental Effects of Somali Piracy (2011) Downloads
Working Paper: "Robin Hook": The Developmental Effects of Somali Piracy (2011) Downloads
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