Economic Impacts of the 2008 Floods in Iowa

Liesl Eathington, David A. Swenson and Meghan O'Brien

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Measuring the economic consequences of the 2008 Iowa floods requires careful consideration of what exactly is to be counted as an economic outcome. Property losses and damaged infrastructure mark reductions in overall private and public assets. Ruined or slowed businesses result in constrained productivity. Workers get laid off and household incomes decline. Alternatively, natural disasters require a tremendous amount of recovery spending which stimulates economic activity. This brief report looks at the scope of economic consequences and describes the kinds of economic impacts that might be anticipated in Iowa.

Date: 2008-06-01
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