Bensassi, Sami; Martínez-Zarzoso, Inmaculada - Ibero-Amerika Institut für Wirtschaftsforschung (IAI), … - 2011
This paper focuses on the impact of maritime piracy on international trade. Piracy increases the cost of international … Korea) for the international community in the year 2008.The results indicate that the cost of war more than doubles the cost … measures of piracy acts. We found robust evidence indicating that maritime piracy reduces the volume of trade; the effect of …