2011
DOI: 10.1111/j.1467-985x.2011.00712.x
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New Orleans Business Recovery in the Aftermath of Hurricane Katrina

Abstract: We analyse decisions to reopen in the aftermath of Hurricane Katrina made by business establishments on major business thoroughfares in New Orleans by using a spatial probit methodology. Our approach allows for interdependence between decisions to reopen by one establishment and those of its neighbours. There is a large literature on the role that is played by spatial dependence in firm location decisions, and we find evidence of strong dependence in decisions by firms to reopen in the aftermath of a natural d… Show more

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Cited by 137 publications
(135 citation statements)
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References 17 publications
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“…LeSage and Pace [13] and LeSage et al [14] discuss how changes of a covariate at location i will affect the output at location j. To measure these effects, they define direct and indirect impacts.…”
Section: Impactsmentioning
confidence: 99%
See 2 more Smart Citations
“…LeSage and Pace [13] and LeSage et al [14] discuss how changes of a covariate at location i will affect the output at location j. To measure these effects, they define direct and indirect impacts.…”
Section: Impactsmentioning
confidence: 99%
“…See LeSage and Pace [13], LeSage et al [14] for details on how the impacts and effects are derived. They also provide some computational hints on how to compute the direct and indirect effects.…”
Section: Impactsmentioning
confidence: 99%
See 1 more Smart Citation
“…This region has been devastated by storm surges, floods, and hurricanes. At least five hurricanes (Katrina, Rita, Gustav, Ike, and Isaac) hit this region in the past decade (2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015), which caused significant loss of human lives and damages to properties [39][40][41][42][43][44][45]. The most destructive natural disaster in the U.S. history, Hurricane Katrina, crossed this region and caused severe destruction in August 2005.…”
Section: Study Areamentioning
confidence: 99%
“…This may seem counterintuitive, as spillover effects would seem more similar to second-order effects that should be smaller in magnitude than would direct effects. Because the scalar summary measures of the indirect effects provided by [66] combine spatial spillovers in all other areas to produce a single numerical value for the indirect effect estimate, this is not unusual in diverse empirical applications (cf. [26]) particularly if spatial observations are large, as in the present study (1098 + 290 − 1 = 1387).…”
Section: Regression Resultsmentioning
confidence: 99%