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

Thomas Gries and Margarete Redlin ()
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Margarete Redlin: University of Paderborn

No 75, Working Papers CIE from Paderborn University, CIE Center for International Economics

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.

Keywords: Maritime Piracy; Economic Development (search for similar items in EconPapers)
JEL-codes: C25 F51 P16 O10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pol
Date: 2014-01
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