Economic Impacts of Red Tide Events on Restaurant Sales

Kimberly Morgan and Sherry Larkin ()

No 35323, 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida from Southern Agricultural Economics Association

Abstract: The economic impact of red tide events were examined for three Southwest Florida waterfront restaurants. Daily gross sales from January 1996 through September were analyzed using a multiple regression time series model to examine whether the presence of a red tide, as measured within three and six miles of the beach, reduced sales revenues. Preliminary results indicate that red tide blooms closer to shore had a significantly large negative influence on sales revenues across restaurant locations.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 10
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaso:35323

DOI: 10.22004/ag.econ.35323

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