Fu, Xiaowen; Ng, Adolf K.Y.; Lau, Yui-Yip - In: Maritime Policy & Management 37 (2010) 7, pp. 677-697
This paper investigates the impacts of maritime piracy on global economic development. Calibrated with data between … investigate the economic welfare loss effects due to reduced volumes of trade and shipping, as well as efficiency loss due to … geographical re-routing of shipping networks which would be otherwise uneconomical. The substantial economic loss simulated from …