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Measuring long-run economic effects of natural hazard

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Measuring long-run economic effects of natural hazard. / McComb, R.; Moh, Y.-K.; Schiller, A.R.

In: Natural Hazards, Vol. 58, No. 1, 07.2011, p. 559-566.

Research output: Contribution to journalJournal articlepeer-review

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McComb, R, Moh, Y-K & Schiller, AR 2011, 'Measuring long-run economic effects of natural hazard', Natural Hazards, vol. 58, no. 1, pp. 559-566. https://doi.org/10.1007/s11069-010-9687-2

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McComb, R. ; Moh, Y.-K. ; Schiller, A.R. / Measuring long-run economic effects of natural hazard. In: Natural Hazards. 2011 ; Vol. 58, No. 1. pp. 559-566.

Bibtex

@article{de1648614bb843cfa572f2ed5c915af5,
title = "Measuring long-run economic effects of natural hazard",
abstract = "This paper studies the long-run economic effects of severe weather on regional economies. A catastrophic event, such as a hurricane, will have an effect on both the directly impacted region and adjacent regions. With dramatically increasing damage from catastrophic weather events over the past few decades, comprehensive assessment of the long-run economic impact of natural disasters across the broader region becomes more important than ever for planning for post-disaster recovery. We estimate the long-run effect of Hurricane Katrina on the unemployment rate of Houston, TX by employing time-series and fixed-effect models. Using Dallas as a control, we find that Katrina is associated with a higher long-run unemployment rate in Houston than would otherwise have been expected. This implies that the hurricane-generated adverse relative effects on Houston. Our findings suggest that areas that are geographically proximate to the directly impacted region can sustain lasting negative economic consequences. {\textcopyright} 2010 Springer Science+Business Media B.V.",
keywords = "Long-run economic effects, Natural hazards, Panel data estimation, Time-series estimation, catastrophic event, disaster management, economic impact, Hurricane Katrina 2005, natural disaster, natural hazard, numerical model, panel data, recovery plan, severe weather, time series analysis, unemployment, Houston, Texas, United States",
author = "R. McComb and Y.-K. Moh and A.R. Schiller",
year = "2011",
month = jul,
doi = "10.1007/s11069-010-9687-2",
language = "English",
volume = "58",
pages = "559--566",
journal = "Natural Hazards",
issn = "0921-030X",
publisher = "Springer Netherlands",
number = "1",

}

RIS

TY - JOUR

T1 - Measuring long-run economic effects of natural hazard

AU - McComb, R.

AU - Moh, Y.-K.

AU - Schiller, A.R.

PY - 2011/7

Y1 - 2011/7

N2 - This paper studies the long-run economic effects of severe weather on regional economies. A catastrophic event, such as a hurricane, will have an effect on both the directly impacted region and adjacent regions. With dramatically increasing damage from catastrophic weather events over the past few decades, comprehensive assessment of the long-run economic impact of natural disasters across the broader region becomes more important than ever for planning for post-disaster recovery. We estimate the long-run effect of Hurricane Katrina on the unemployment rate of Houston, TX by employing time-series and fixed-effect models. Using Dallas as a control, we find that Katrina is associated with a higher long-run unemployment rate in Houston than would otherwise have been expected. This implies that the hurricane-generated adverse relative effects on Houston. Our findings suggest that areas that are geographically proximate to the directly impacted region can sustain lasting negative economic consequences. © 2010 Springer Science+Business Media B.V.

AB - This paper studies the long-run economic effects of severe weather on regional economies. A catastrophic event, such as a hurricane, will have an effect on both the directly impacted region and adjacent regions. With dramatically increasing damage from catastrophic weather events over the past few decades, comprehensive assessment of the long-run economic impact of natural disasters across the broader region becomes more important than ever for planning for post-disaster recovery. We estimate the long-run effect of Hurricane Katrina on the unemployment rate of Houston, TX by employing time-series and fixed-effect models. Using Dallas as a control, we find that Katrina is associated with a higher long-run unemployment rate in Houston than would otherwise have been expected. This implies that the hurricane-generated adverse relative effects on Houston. Our findings suggest that areas that are geographically proximate to the directly impacted region can sustain lasting negative economic consequences. © 2010 Springer Science+Business Media B.V.

KW - Long-run economic effects

KW - Natural hazards

KW - Panel data estimation

KW - Time-series estimation

KW - catastrophic event

KW - disaster management

KW - economic impact

KW - Hurricane Katrina 2005

KW - natural disaster

KW - natural hazard

KW - numerical model

KW - panel data

KW - recovery plan

KW - severe weather

KW - time series analysis

KW - unemployment

KW - Houston

KW - Texas

KW - United States

U2 - 10.1007/s11069-010-9687-2

DO - 10.1007/s11069-010-9687-2

M3 - Journal article

VL - 58

SP - 559

EP - 566

JO - Natural Hazards

JF - Natural Hazards

SN - 0921-030X

IS - 1

ER -