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The Impact of Hurricanes Katrina, Rita and Wilma on Business Establishments

Author

Listed:
  • Jarmin Ron S

    (Center for Economic Studies, U.S. Census Bureau)

  • Miranda Javier

    (Center for Economic Studies, U.S. Census Bureau)

Abstract

We show that GIS based estimates of the economic impact of the 2005 hurricanes provide a more accurate characterization of affected businesses than widely reported estimates constructed from county level data. Our methodology relies on mapping business establishments into damage zones defined by remote sensing information provided by FEMA. Our methodology is based on pre-storm data, so estimates can be made available very quickly to inform the public as well as policy makers. Our GIS-based estimates indicate significantly smaller impacts on business payroll than previous estimates using county level data. Tests using post-storm data support our GIS methodology.

Suggested Citation

  • Jarmin Ron S & Miranda Javier, 2009. "The Impact of Hurricanes Katrina, Rita and Wilma on Business Establishments," Journal of Business Valuation and Economic Loss Analysis, De Gruyter, vol. 4(2), pages 1-29, April.
    • Handle: RePEc:bpj:jbvela:v:4:y:2009:i:2:n:7
    DOI: 10.2202/1932-9156.1040
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    Citations

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    Cited by:

    1. Ronald S. Jarmin & Shawn D. Klimek & Javier Miranda, 2009. "The Role of Retail Chains: National, Regional and Industry Results," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 237-262, National Bureau of Economic Research, Inc.
    2. Anita Schiller, 2011. "The impact of a storm surge on business establishments in the Houston MSA," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 56(1), pages 331-346, January.
    3. Jeffrey A. Groen† & Mark J. Kutzbach & Anne E. Polivka‡, 2015. "Storms and Jobs: The Effect of Hurricanes on Individuals’ Employment and Earnings over the Long Term," Working Papers 15-21r, Center for Economic Studies, U.S. Census Bureau.
    4. Maria Marshall & Holly Schrank, 2014. "Small business disaster recovery: a research framework," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 72(2), pages 597-616, June.
    5. Jeffrey A. Groen & Mark J. Kutzbach & Anne E. Polivka, 2020. "Storms and Jobs: The Effect of Hurricanes on Individuals’ Employment and Earnings over the Long Term," Journal of Labor Economics, University of Chicago Press, vol. 38(3), pages 653-685.
    6. Randall Akee & Elton Mykerezi & Richard M. Todd, 2017. "Reservation Employer Establishments: Data from the U.S. Census Longitudinal Business Database," Working Papers 17-57, Center for Economic Studies, U.S. Census Bureau.
    7. Diana Liverman, 2016. "U.S. National climate assessment gaps and research needs: overview, the economy and the international context," Climatic Change, Springer, vol. 135(1), pages 173-186, March.

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