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A Shore Thing: Post-Hurricane Outcomes for Businesses in Coastal Areas

Melissa Chow () and Jordan Stanley

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: During the twenty-first century, hurricanes, heavy storms, and flooding have affected many areas in the United States. Natural disasters and climate change can cause property damage and could have an impact on a variety of business outcomes. This paper builds upon existing research and literature that analyzes the impact of natural disasters on businesses. Specifically, we look at the differential effect of eight hurricanes during the period 2000-2009 on establishments in coastal counties relative to establishments in coastal-adjacent or inland counties. Our outcomes of interest include establishment employment and death. We find that following a hurricane event, establishments located in a coastal county have lower employment and increased probability of death relative to establishments in non-coastal counties.

Keywords: hurricane; natural disaster; coasts; employment; exit. (search for similar items in EconPapers)
JEL-codes: D22 L20 Q54 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2020-09
New Economics Papers: this item is included in nep-env
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Downloads: (external link) First version, 2020 (application/pdf)

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Handle: RePEc:cen:wpaper:20-27