Economic impact of maritime piracy on Artisanal fishermen in Somalia

Jama, Ahmed Khadar Abdi and Ariffin, Muhammad Irwan and Abdullah Yusof, Selamah (2021) Economic impact of maritime piracy on Artisanal fishermen in Somalia. Empirical Economic Letters, 20 (6). pp. 1107-1118. ISSN 1681-8997

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Abstract

This study aims to examine the economic impacts of maritime piracy on artisanal fishermen in Somalia. A survey questionnaire was administered to a sample of 282 fishermen that are selected through systematic sampling. The study found that a significant number of Somali fishermen are passive in their response to piracy attacks and do not feel threatened by it. As a result, Somali fishermen do not adopt commonly adopted strategies such as hiring security guards, or reducing the boat or cargo value that are taken by foreign fishermen. Result also suggests that piracy in Somalia has no economic consequences to fishermen; it does not affect their fish catch, income from fishing, price of fish catch, cost of fishing, investment in fishing, crew members, fish supply, and fishing efforts.

Item Type:	Article (Journal)
Additional Information:	4788/91747
Uncontrolled Keywords:	Maritime, Piracy, Economic, Impact, fishermen, Somalia
Subjects:	H Social Sciences > HC Economic History and Conditions > HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc H Social Sciences > HC Economic History and Conditions > HC92 Economic geography of the oceans (General) H Social Sciences > HC Economic History and Conditions > HC94 By region or country H Social Sciences > HD Industries. Land use. Labor > HD4801 Labor. Work. Working class
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences
Depositing User:	Muhammad Irwan Ariffin
Date Deposited:	26 Aug 2021 15:17
Last Modified:	26 Aug 2021 15:17
URI:	http://irep.iium.edu.my/id/eprint/91747

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