Predicting the Path to Recovery from Hurricane Katrina through the Lens of Hurricane Andrew and the Rodney King Riots
Hurricane Katrina caused the greatest damage of any hurricane in American history. We look at the rebuilding effort in New Orleans through the lens of two other disasters that occurred in 1992: Hurricane Andrew in Miami and the Rodney King riots in Los Angeles. The rebuilding effort in New Orleans shares similarities with both events, combining the impact of a hurricane on infrastructure and private businesses, and the prospect of an uneven recovery biased against racial minorities and the economically disadvantaged. Using the experience of the King riots, our concern is that the rebuilding effort will be modest at best in poorer areas and slow to develop. There is the prospect of long lasting negative effects on income in poor neighborhoods. In wealthier areas, the pecuniary incentive for private business and citizens to rebuild is stronger, and in some cases the rebuilding effort can cause net income gains in response to a natural disaster of the scale of Hurricane Andrew. Based on these events, we recommend targeting a disproportionate amount of federal transfers towards poorer areas to stimulate growth.
|Date of creation:||Oct 2005|
|Date of revision:|
|Publication status:||Published in Urban Studies, Vol. 44:11, October 2007, pp. 2061-2076.|
|Contact details of provider:|| Phone: (508)793-3362|
Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
More information through EDIRC
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.:
- Victor Matheson, 2009.
"Economic Multipliers and Mega-Event Analysis,"
International Journal of Sport Finance,
Fitness Information Technology, vol. 4(1), pages 63-70, February.
- Victor A. Matheson & Robert A. Baade, 2004. "Race and Riots: A Note on the Economic Impact of the Rodney King Riots," Urban Studies, Urban Studies Journal Limited, vol. 41(13), pages 2691-2696, December.
- Stanley Smith & Christopher McCarty, 1996. "Demographic effects of natural disasters: a case study of hurricane andrew," Demography, Springer;Population Association of America (PAA), vol. 33(2), pages 265-275, May.
- 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, SAGE Publishing, vol. 17(2), pages 121-150, August.
- Mark Pelling & Alpaslan Ã–zerdem & Sultan Barakat, 2002. "The macro-economic impact of disasters," Progress in Development Studies, , vol. 2(4), pages 283-305, October.
- 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.
When requesting a correction, please mention this item's handle: RePEc:hcx:wpaper:0515. 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: (Victor Matheson)
If references are entirely missing, you can add them using this form.