Twister! Employment responses to the 3 May 1999 Oklahoma City tornado
This research examined the impact of the 3 May 1999 tornado on the Oklahoma City labour market. We estimated time series models that allow for time-varying variance in employment growth. The models include intervention variables designed to capture the tornado's effect at initial impact as well as over the post-tornado period. In terms of total employment growth, the Oklahoma City Metropolitan Statistical Area (MSA) experienced an increase in employment growth and a reduction in labour market risk in the sample period following the tornado. The analysis also examined the effect of the weather event on eight industrial sectors. Five of eight sectors experienced significant decreases in labour market risk after the tornado. Our evidence suggests that Oklahoma City and surrounding communities that make up the Metropolitan Statistical Area survived the disaster without suffering any extended adverse labour market effects. Our results indicate that at least in the aggregate, the labour market improved. “… what has so often excited wonder, the great rapidity with which countries recover from a state of devastation; the disappearance, in a short time, of all traces of the mischiefs done by earthquakes, floods, hurricanes, and the ravages of war … all the inhabitants are ruined, and yet in a few years after, everything is much as it was before.” - J.S. Mill (1848)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 41 (2009)
Issue (Month): 6 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEC20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEC20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- anonymous, 2006. "The future of economic development in rural America," Profitwise, Federal Reserve Bank of Chicago, issue Jul.
- Mark Skidmore & Hideki Toya, 2002. "Do Natural Disasters Promote Long-Run Growth?," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 664-687, October.
- David Merrell & Kevin M. Simmons & Daniel Sutter, 2005. "The Determinants of Tornado Casualties and the Benefits of Tornado Shelters," Land Economics, University of Wisconsin Press, vol. 81(1).
- Engle, Robert F, 1982. "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation," Econometrica, Econometric Society, vol. 50(4), pages 987-1007, July.
- Anonymous, 2006. "Minnesota Applied Economist 717, Summer 2006," Minnesota Applied Economist/Minnesota Agricultural Economist 13164, University of Minnesota, Department of Applied Economics.
- anonymous, 2006. "Alabama's economy gains strength in 2006," EconSouth, Federal Reserve Bank of Atlanta, issue Q 4.
- Barrett, Alan & Kearney, Ide & McCarthy, Yvonne, 2006. "Quarterly Economic Commentary, Winter 2006," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20064, March.
- Ricardo J. Caballero & Eduardo M.R.A. Engel & John Haltiwanger, 1995.
"Aggregate Employment Dynamics: Building From Microeconomic Evidence,"
NBER Working Papers
5042, National Bureau of Economic Research, Inc.
- Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, American Economic Association, vol. 87(1), pages 115-37, March.
- Ricardo J. Caballero & Eduardo Engel & John Haltiwanger, 1996. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," Documentos de Trabajo 6, Centro de Economía Aplicada, Universidad de Chile.
- anonymous, 2006. "Fed's focus on economic education remains strong," Financial Update, Federal Reserve Bank of Atlanta, issue Q 1.
- anonymous, 2006. "Southeastern economy to grow modestly in 2007," EconSouth, Federal Reserve Bank of Atlanta, issue Q 4.
- Perron, P, 1988.
"The Great Crash, The Oil Price Shock And The Unit Root Hypothesis,"
338, Princeton, Department of Economics - Econometric Research Program.
- Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
- Adam Rose & Shu-Yi Liao, 2005. "Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions," Journal of Regional Science, Wiley Blackwell, vol. 45(1), pages 75-112.
- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
- Bradley T. Ewing & Jamie Brown Kruse, 2002. "The Impact of Project Impact on the Wilmington, North Carolina, Labor Market," Public Finance Review, , vol. 30(4), pages 296-309, July.
- 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.
- Barrett, Alan & Kearney, Ide & McCarthy, Yvonne, 2006. "Quarterly Economic Commentary, Summer 2006," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20062, March.
- Lastrapes, William D, 1989. "Exchange Rate Volatility and U.S. Monetary Policy: An ARCH Application," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 21(1), pages 66-77, February.
- Ewing, Bradley T. & Kruse, Jamie Brown & Thompson, Mark A., 2004. "Employment Dynamics and the Nashville Tornado," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 34(2).
- Štiblar Franjo & Oplotnik Žan & Vukotić Veselin, 2006. "Montenegrin Quarterly Macroeconomic Econometric Model," Prague Economic Papers, University of Economics, Prague, vol. 2006(2), pages 156-171.
- Anonymous, 2006. "Minnesota Applied Economist 718, Fall 2006," Minnesota Applied Economist/Minnesota Agricultural Economist 13214, University of Minnesota, Department of Applied Economics.
- Barrett, Alan & Kearney, Ide & McCarthy, Yvonne, 2006. "Quarterly Economic Commentary, Autumn 2006," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20063, March.
- Barrett, Alan & Kearney, Ide & McCarthy, Yvonne & Doyle, Nicola, 2006. "Quarterly Economic Commentary, Spring 2006," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20061, March.
- James Payne & Bradley Ewing & Erik George, 1999. "Time series dynamics of US State unemployment rates," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1503-1510.
When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:41:y:2009:i:6:p:691-702. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.