Estimating the economic impact of natural and social disasters, with an application to Hurricane Katrina
Estimating the economic impact of natural and social disasters, with an application to Hurricane Katrina
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DOI：
10.1080/00420980701518917
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发表时间：
2007-01-01
期刊：
影响因子：
4.7
通讯作者：
Matheson, Victor
中科院分区：
文献类型：
--
作者：
Baade, Robert A.;Baumann, Robert;Matheson, Victor
This paper examines taxable sales in the Los Angeles and Miami metropolitan areas to find evidence of the short- and long-run effects of the Rodney King riots and Hurricane Andrew on their respective economies. The comparison of these two events shows that the King riots had a long-term negative effect on Los Angeles' economy while Hurricane Andrew had a short-term positive effect on the Miami economy. The paper also applies the contrasting experiences of Los Angeles and Miami to New Orleans following Hurricane Katrina. In some ways, Katrina is a hybrid of these two events since it combines elements of both a natural disaster and a social disaster. The paper examines how Katrina is similar to each of the previous incidents and how these similarities might affect the recovery of New Orleans following the storm.
