The Economic Costs of Piracy (IGC Policy Brief)

From:
Department for International Development
Published
1 January 2012
Country:
Indonesia, Somalia
Document Type:
Briefing
Theme:
Economic Growth
Authors:
Besley, T., Fetzer, T., Mueller, H.

Abstract

This research project attempts to identify of the costs of modern piracy on shipping costs. A model was developed for how piracy should affect shipping prices on different shipping routes and the theory tested with two new datasets: detailed information on piracy attacks in the area of Somalia and Indonesia and information on 24.000 time charter agreements of dry cargo between 2002 and 2011.

Citation

Besley, T.; Fetzer, T.; Mueller, H. The Economic Costs of Piracy (IGC Policy Brief). International Growth Centre (IGC), London, UK (2012) 2 pp.

The Economic Costs of Piracy (IGC Policy Brief)

Published 1 January 2012
Contents