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The Political, Economic, and Social Aspects of Katrina

Author

Listed:
  • Peter Boettke

    () (Department of Economics, George Mason University)

  • Emily Chamlee-Wright

    (Department of Economics, Beliot College)

  • Peter Gordon

    (School of Public Policy, Planning, and Development, University of Southern California)

  • Sanford Ikeda

    (Department of Economics, Purchase College, State University of New York)

  • Peter T. Leeson

    (Department of Economics, West Virginia University)

  • Russell Sobel

    (Department of Economics, West Virginia University)

Abstract

In this paper, we examine the resiliency of community recovery after a natural disaster. We argue that a resilient recovery requires robust economic/financial institutions, political/legal institutions, and social/cultural institutions. We explore how politically and privately created disaster preconditions and responses have contributed to or undermined institutional robustness in the context of the Gulf Coast's recovery after Hurricane Katrina. We find that where postdisaster resiliency has been observed, private-sector responses contributing to the health of these institutional arenas are largely responsible. Where postdisaster fragility and slowness has been observed, public-sector responses contributing to the frailty of these institutional arenas are largely the cause. In other words, we engage in a comparative institutional analysis of civil society, entrepreneurial commercial society, and government agencies and political actors in the wake of a natural disaster.

Suggested Citation

  • Peter Boettke & Emily Chamlee-Wright & Peter Gordon & Sanford Ikeda & Peter T. Leeson & Russell Sobel, 2007. "The Political, Economic, and Social Aspects of Katrina," Southern Economic Journal, Southern Economic Association, vol. 74(2), pages 363-376, October.
  • Handle: RePEc:sej:ancoec:v:74:1:y:2007:p:363-376
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    Citations

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    Cited by:

    1. Blomberg S. Brock & Rose Adam Z., 2009. "Editor's Introduction to the Economic Impacts of the September 11, 2001, Terrorist Attacks," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 15(2), pages 1-16, July.
    2. Monica Escaleras & Charles Register, 2012. "Fiscal decentralization and natural hazard risks," Public Choice, Springer, vol. 151(1), pages 165-183, April.
    3. Eiji Yamamura, 2014. "Impact of natural disaster on public sector corruption," Public Choice, Springer, vol. 161(3), pages 385-405, December.
    4. Albert Solé-Ollé, 2013. "Inter-regional redistribution through infrastructure investment: tactical or programmatic?," Public Choice, Springer, vol. 156(1), pages 229-252, July.
    5. Emily Chamlee-Wright & Virgil Henry Storr, 2010. "Introduction: Uncertainty and Discovery in a Post-Disaster Context," Chapters,in: The Political Economy of Hurricane Katrina and Community Rebound, chapter 1 Edward Elgar Publishing.
    6. Coyne, Christopher J., 2011. "Constitutions and crisis," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 351-357.
    7. Jeb Bleckley & Joshua Hall, 2010. "School Choice and Post-Katrina New Orleans: An Analysis," Chapters,in: The Political Economy of Hurricane Katrina and Community Rebound, chapter 12 Edward Elgar Publishing.
    8. Emily C. Schaeffer & Andrew Kashdan, 2010. "Earth, Wind, and Fire! Federalism and Incentive in Natural Disaster Response," Chapters,in: The Political Economy of Hurricane Katrina and Community Rebound, chapter 10 Edward Elgar Publishing.
    9. André Schultz & Alexander Libman, 2015. "Is there a local knowledge advantage in federations? Evidence from a natural experiment," Public Choice, Springer, vol. 162(1), pages 25-42, January.
    10. repec:kap:revaec:v:30:y:2017:i:4:d:10.1007_s11138-016-0362-z is not listed on IDEAS
    11. Leonid O. Krasnozhon & Daniel M. Rothschild, 2010. "Lessons from Post-Flood Recovery of New Orleans and Prague," Chapters,in: The Political Economy of Hurricane Katrina and Community Rebound, chapter 9 Edward Elgar Publishing.
    12. Douglas Coate, 2010. "Disaster and Recovery: The Public and Private Sectors in the Aftermath of the 1906 Earthquake in San Francisco," Working Papers Rutgers University, Newark 2010-004, Department of Economics, Rutgers University, Newark.
    13. Kshetri, Nir & Ajami, Riad, 2008. "Institutional reforms in the Gulf Cooperation Council economies: A conceptual framework," Journal of International Management, Elsevier, vol. 14(3), pages 300-318, September.
    14. Daniel J. D’Amico, 2010. "Rock Me Like a Hurricane! How Music Communities Promote Social Capital Adept for Recovery," Chapters,in: The Political Economy of Hurricane Katrina and Community Rebound, chapter 8 Edward Elgar Publishing.

    More about this item

    JEL classification:

    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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