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Katrina and the Gulf States Casino Industry

Author

Listed:
  • Walker Douglas M

    (College of Charleston)

  • Jackson John D

    (Auburn University)

Abstract

Hurricane Katrina devastated the Louisiana and Mississippi Gulf Coast. The casino industry, especially in Mississippi, suffered staggering losses. We describe the industry's losses and provide data on the industry before and after Katrina. Following previous research which has indicated that casino development may be a stimulus to a state's economy, we use a simple OLS model to examine whether rebuilding the Gulf Coast casinos has had an impact on personal income in Louisiana and Mississippi. After accounting for other factors, our results indicate that the casino industry has had a positive impact on post-Katrina personal incomes in Louisiana and Mississippi.

Suggested Citation

  • Walker Douglas M & Jackson John D, 2009. "Katrina and the Gulf States Casino Industry," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 4(2), pages 1-17, April.
    • Handle: RePEc:bpj:jbvela:v:4:y:2009:i:2:n:9
    DOI: 10.2202/1932-9156.1030
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    References listed on IDEAS

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    3. Kunreuther, Howard, 1996. "Mitigating Disaster Losses through Insurance," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 171-187, May.
    4. Walker, Douglas M. & Jackson, John D., 1998. "New Goods and Economic Growth: Evidence from Legalized Gambling," The Review of Regional Studies, Southern Regional Science Association, vol. 28(2), pages 47-70, Fall.
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    6. William R. Eadington, 1999. "The Economics of Casino Gambling," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 173-192, Summer.
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    Cited by:

    1. Aurora MURGEA, 2015. "International Confidence in Italian Economy. A Spread and Gambling Analysis," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 8(1s), pages 70-89, February.

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