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The Impact of Hurricanes Katrina, Rita and Wilma on Business Establishments

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Author Info

  • Jarmin Ron S

    (Center for Economic Studies, U.S. Census Bureau)

  • Miranda Javier

    (Center for Economic Studies, U.S. Census Bureau)

Abstract

We show that GIS based estimates of the economic impact of the 2005 hurricanes provide a more accurate characterization of affected businesses than widely reported estimates constructed from county level data. Our methodology relies on mapping business establishments into damage zones defined by remote sensing information provided by FEMA. Our methodology is based on pre-storm data, so estimates can be made available very quickly to inform the public as well as policy makers. Our GIS-based estimates indicate significantly smaller impacts on business payroll than previous estimates using county level data. Tests using post-storm data support our GIS methodology.

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File URL: http://www.degruyter.com/view/j/jbvela.2009.4.2/jbvela.2009.4.2.1040/jbvela.2009.4.2.1040.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter in its journal Journal of Business Valuation and Economic Loss Analysis.

Volume (Year): 4 (2009)
Issue (Month): 2 (April)
Pages: 1-29

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Handle: RePEc:bpj:jbvela:v:4:y:2009:i:2:n:7

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Web page: http://www.degruyter.com

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Cited by:
  1. Ronald S. Jarmin & Shawn D. Klimek & Javier Miranda, 2009. "The Role of Retail Chains: National, Regional and Industry Results," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 237-262 National Bureau of Economic Research, Inc.
  2. Anita Schiller, 2011. "The impact of a storm surge on business establishments in the Houston MSA," Natural Hazards, International Society for the Prevention and Mitigation of Natural Hazards, vol. 56(1), pages 331-346, January.
  3. Maria Marshall & Holly Schrank, 2014. "Small business disaster recovery: a research framework," Natural Hazards, International Society for the Prevention and Mitigation of Natural Hazards, vol. 72(2), pages 597-616, June.

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