Back to Search
Start Over
Market-based "disaster relief": Katrina and the casino industry.
- Source :
- International Journal of Social Economics; 2008, Vol. 35 Issue 7, p521-530, 10p, 2 Charts
- Publication Year :
- 2008
-
Abstract
- Purpose - The purpose of this paper is to examine the effect the rebuilding of the casino industry has had on the recovery efforts from Katrina. Design/methodology/approach - The paper uses quarterly data from four states affected by Katrina, and a simple OLS model to test the effect the casino industry has had on personal income in the states. Findings - The paper finds that the casino industry has had a statistically significant positive impact on the economic recovery in casino states relative to non-casino states. Research limitations/implications - The paper examines a relatively short term. Other research has suggested that the long-run effects of casinos are less certain. As more data become available, the model could be re-tested. Practical implications - These results support previous evidence on a short-run economic stimulus effect from casinos. Originality/value - The paper extends previous work on the Katrina recovery by including more data, including a control sample of states without casinos, and weighting the income and revenue data. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03068293
- Volume :
- 35
- Issue :
- 7
- Database :
- Complementary Index
- Journal :
- International Journal of Social Economics
- Publication Type :
- Academic Journal
- Accession number :
- 34675692
- Full Text :
- https://doi.org/10.1108/03068290810886920