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

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  • Douglas M. Walker
  • John D. Jackson

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.

Suggested Citation

  • Douglas M. Walker & John D. Jackson, 2008. "Market‐based “disaster relief”: Katrina and the casino industry," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(7), pages 521-530, June.
    • Handle: RePEc:eme:ijsepp:v:35:y:2008:i:7:p:521-530
    DOI: 10.1108/03068290810886920
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    References listed on IDEAS

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    1. Walker, Douglas M. & Jackson, John D., 1998. "New Goods and Economic Growth: Evidence from Legalized Gambling," The Review of Regional Studies, Southern Regional Science Association, vol. 28(2), pages 47-70, Fall.
    2. Earl L. Grinols & David B. Mustard, 2008. "Correctly Critiquing Casino-Crime Causality," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 21-31, January.
    3. Douglas M. Walker, 2008. "Do Casinos Really Cause Crime?," Econ Journal Watch, Econ Journal Watch, vol. 5(1), pages 4-20, January.
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    Cited by:

    1. Aurora MURGEA, 2015. "International Confidence in Italian Economy. A Spread and Gambling Analysis," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 8(1s), pages 70-89, February.

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