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The Political, Economic, and Social Aspects of Katrina

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  • Peter Boettke
  • Emily Chamlee‐Wright
  • Peter Gordon
  • Sanford Ikeda
  • Peter T. Leeson
  • Russell Sobel

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, John Wiley & Sons, vol. 74(2), pages 363-376, October.
  • Handle: RePEc:wly:soecon:v:74:y:2007:i:2:p:363-376
    DOI: 10.1002/j.2325-8012.2007.tb00843.x
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    References listed on IDEAS

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    Cited by:

    1. Hunter, Janet, 2015. "Earthquakes in Japan: a review article," LSE Research Online Documents on Economics 62495, London School of Economics and Political Science, LSE Library.
    2. yamamura, eiji, 2008. "Learning Effect And Social Capital: A Case Study Of Natural Disaster From Japan," MPRA Paper 10249, University Library of Munich, Germany.
    3. Dan Wei & Zhenhua Chen & Adam Rose, 2020. "Evaluating the role of resilience in reducing economic losses from disasters: A multi‐regional analysis of a seaport disruption," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1691-1722, December.
    4. Chun-Ping Chang & Aziz N. Berdiev, 2015. "Do natural disasters increase the likelihood that a government is replaced?," Applied Economics, Taylor & Francis Journals, vol. 47(17), pages 1788-1808, April.
    5. Justin T. Callais & Jamie Bologna Pavlik, 2023. "Does economic freedom lighten the blow? Evidence from the great recession in the United States," Economics of Governance, Springer, vol. 24(3), pages 357-398, September.
    6. Ilia Murtazashvili, 2023. "Does capitalism have a future? A review essay of Peter Boettke’s The Struggle for a Better World and Daniel Bromley’s Possessive Individualism: A Crisis of Capitalism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(4), pages 589-604, December.
    7. Cai, Meina & Caskey, Gregory W. & Cowen, Nick & Murtazashvili, Ilia & Murtazashvili, Jennifer Brick & Salahodjaev, Raufhon, 2022. "Individualism, economic freedom, and charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 868-884.
    8. 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.
    9. Shaughnessy, Timothy M. & White, Mary L. & Brendler, Michael D., 2010. "The Income Distribution Effect of Natural Disasters: An Analysis of Hurricane Katrina," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(1), pages 1-12.

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