Document of bibliographic reference 245403

BibliographicReference record

Type

Bibliographic resource

Type of document

Journal article

BibLvlCode

AS

Title

Economic shocks in the fisheries sector and maritime piracy

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, the onset of piracy and the absolute number of pirate attacks. Our instrumental variable estimates indicate that a plankton shock that induces fish capture production to decrease by 10% increases the risk of piracy occurring by 10 percentage points. Similarly, a shock of the same magnitude increases the number of piracy attacks by 8.6%

WebOfScience code

https://www.webofscience.com/wos/woscc/full-record/WOS:000352924300009

Bibliographic citation

Flückiger, M.; Ludwig, M. (2015). Economic shocks in the fisheries sector and maritime piracy. J. Dev. Econ. 114: 107–125. http://dx.doi.org/10.1016/j.jdeveco.2014.12.003

Topic

Marine

Is peer reviewed

true