Hurricane Katrina: Preliminary Estimates of Commercial and Public Sector Damages
Hurricane Katrina: Preliminary Estimates of Commercial and Public Sector Damages
复制标题
卡特里娜飓风:商业和公共部门损失的初步估计
DOI:
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发表时间:
2005
期刊:
影响因子:
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通讯作者:
Michael J. Hicks
中科院分区:
文献类型:
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作者:
Michael J. Hicks
Hurricane Katrina's impact on the economy and infrastructure of Louisiana, Mississippi and Alabama represents an immediate concern to commercial enterprises, area residents, and policymakers at all levels. Understanding the severity of the damages and the magnitude of the recovery efforts are important for both private and public decision makers deploying resources in the affected area. This paper provides initial estimates of damages in a number of infrastructure categories and residential and commercial structures, content and equipment. The estimation is based upon earlier analysis (Burton and Hicks, 2003) which provided an economic model of damages based upon the upper Mississippi floods of 1993. Specifically we estimate that Hurricane Katrina has generated commercial structure damages of $21 Billion, commercial equipment damages of $36 Billion, residential structure and content damages of almost $75 Billion, electric utility damages of $231 Million, highway damages of $3 Billion, sewer system damages of $1.2 Billion and commercial revenue losses of $4.6 Billion. We are unable to estimate water system, and some key infrastructure damages at this point, and have not included the economic consequences of the loss of life or damage to the regions environmental amenities.