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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 industrys 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 states 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
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    References listed on IDEAS

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    1. Paulo Guimaraes & Frank L. Hefner & Douglas P. Woodward, 1993. "Wealth And Income Effects Of Natural Disasters: An Econometric Analysis Of Hurricane Hugo," The Review of Regional Studies, Southern Regional Science Association, vol. 23(2), pages 97-114, Fall.
    2. Carol T. West & David G. Lenze, 1994. "Modeling the Regional Impact of Natural Disaster and Recovery: A General Framework and an Application to Hurricane Andrew," International Regional Science Review, , vol. 17(2), pages 121-150, August.
    3. Kunreuther, Howard, 1996. "Mitigating Disaster Losses through Insurance," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 171-187, May.
    4. William R. Eadington, 1999. "The Economics of Casino Gambling," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 173-192, Summer.
    5. World Bank, 2007. "Nigeria - Lagos State : States Finances Review and Agenda for Action," World Bank Other Operational Studies 7750, The World Bank.
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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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