Market‐based “disaster relief”: Katrina and the casino industry

Douglas Walker () and John Jackson

International Journal of Social Economics, 2008, vol. 35, issue 7, 521-530

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.

Keywords: United States of America; Casinos; Economic growth; Disasters; Floods (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:v:35:y:2008:i:7:p:521-530

DOI: 10.1108/03068290810886920

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