Economic Shocks in the Fisheries Sector and Maritime Piracy

Markus Ludwig and Matthias Flückiger

MPRA Paper from University Library of Munich, Germany

Abstract: For a panel of 109 coastal countries we show that negative economic shocks in the fisheries sector are associated with an increase in maritime piracy. Our identification strategy uses the variation in the phytoplankton abundance off the individual countries' coasts, measured by satellite data, as a source of such shocks. We find that plankton abundance is positively related to fish catches but negatively associated with the incidence of piracy, onset and the absolute number of pirate attacks. Our instrumental variable estimates indicate that a one percent increase in fish catches reduces the risk of piracy occurring by one percentage point.

Keywords: Maritime Piracy; Fisheries Sector; Instrumental Variable Regression (search for similar items in EconPapers)
JEL-codes: D74 K42 O18 Q22 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Economic shocks in the fisheries sector and maritime piracy (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56959

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