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Economic Risk, Tropical Storm Intensity and Coastal Wetlands: A Factor Analysis

Author

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  • Boutwell, J. Luke
  • Westra, John

Abstract

Coastal communities are highly sensitive to economic damage from tropical storms. Wetland restoration is often proposed as a measure of protection from storm damage. This paper investigates the relationship between coastal storms, wetlands and communities by analyzing storm events and resulting damages from storms making landfall in Louisiana. A factor analysis is used to describe the extent to which wetlands mitigate economic damages, and an assessment of factor scores suggest that there is a storm intensity threshold for mitigation provided by wetland ecosystems.

Suggested Citation

  • Boutwell, J. Luke & Westra, John, 2014. "Economic Risk, Tropical Storm Intensity and Coastal Wetlands: A Factor Analysis," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162509, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162509
    DOI: 10.22004/ag.econ.162509
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    Cited by:

    1. Boutwell, Luke & Westra, John, 2015. "The Economic Value of Wetlands as Storm Buffers," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196854, Southern Agricultural Economics Association.
    2. Boutwell, Luke & Westra, John, 2015. "Potential for Error in Valuing Ecosystem Services Using the Expected Damage Function Approach," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 197796, Southern Agricultural Economics Association.

    More about this item

    Keywords

    Environmental Economics and Policy; Resource /Energy Economics and Policy; Risk and Uncertainty;
    All these keywords.

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