IDEAS home Printed from https://ideas.repec.org/a/spr/anresc/v54y2015i3p945-971.html
   My bibliography  Save this article

Considering disaster vulnerability and resiliency: the case of hurricane effects on tourism-based economies

Author

Listed:
  • Hyun Kim
  • David Marcouiller

Abstract

In this study, we examine the vulnerability and resiliency of 10 tourism-based regional economies which include US national parks or seashores (situated on the Gulf of Mexico or Atlantic Ocean coastline) affected by several hurricanes over a 26-year period. The vulnerability of each economy to natural disasters was estimated using a panel linear model, while resilience was estimated by employing a negative binomial panel regression and a difference-in-difference model. Natural disaster damage, related to physical damage and human loss, was shown to have a negative effect on regional economies. Regions with stronger economies prior to natural disasters have lower disaster losses than regions with weaker economic characteristics. More effort to improve regional economic conditions before natural disasters is necessary to minimize disaster loss. Lessons learned from the economic impacts of past natural disasters, in particular in tourism-based regions, can help regional planners and policy makers predict problems related to disasters and more effectively prepare for future events. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Hyun Kim & David Marcouiller, 2015. "Considering disaster vulnerability and resiliency: the case of hurricane effects on tourism-based economies," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 945-971, May.
    • Handle: RePEc:spr:anresc:v:54:y:2015:i:3:p:945-971
    DOI: 10.1007/s00168-015-0707-8
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00168-015-0707-8
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00168-015-0707-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Garmestani, Ahjond S. & Allen, Craig R. & Mittelstaedt, John D. & Stow, Craig A. & Ward, William A., 2006. "Firm size diversity, functional richness, and resilience," Environment and Development Economics, Cambridge University Press, vol. 11(4), pages 533-551, August.
    2. Coffman, Makena & Noy, Ilan, 2012. "Hurricane Iniki: measuring the long-term economic impact of a natural disaster using synthetic control," Environment and Development Economics, Cambridge University Press, vol. 17(2), pages 187-205, April.
    3. Anthony M. Sayers & David K. Stewart, 2011. "Is This the End of the Tory Dynasty? The Wildrose Alliance in Alberta Politics," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 4(6), May.
    4. Toya, Hideki & Skidmore, Mark, 2007. "Economic development and the impacts of natural disasters," Economics Letters, Elsevier, vol. 94(1), pages 20-25, January.
    5. Raddatz, Claudio, 2007. "Are external shocks responsible for the instability of output in low-income countries?," Journal of Development Economics, Elsevier, vol. 84(1), pages 155-187, September.
    6. Peter Gordon & James E. Moore II & Jiyoung Park & Harry W. Richardson, 2010. "Short-Run Economic Impacts of Hurricane Katrina (and Rita)," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(02), pages 73-79, July.
    7. Hongjian Zhou & Jing’ai Wang & Jinhong Wan & Huicong Jia, 2010. "Resilience to natural hazards: a geographic perspective," 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. 53(1), pages 21-41, April.
    8. Ariel R. Belasen & Solomon W. Polachek, 2008. "How Hurricanes Affect Wages and Employment in Local Labor Markets," American Economic Review, American Economic Association, vol. 98(2), pages 49-53, May.
    9. Nicole Cornell Sadowski & Daniel Sutter, 2005. "Hurricane Fatalities and Hurricane Damages: Are Safer Hurricanes More Damaging?," Southern Economic Journal, John Wiley & Sons, vol. 72(2), pages 422-432, October.
    10. Belasen, Ariel R. & Polachek, Solomon, 2008. "How Hurricanes Affect Employment and Wages in Local Labor Markets," IZA Discussion Papers 3407, Institute of Labor Economics (IZA).
    11. Lamb, Reinhold P, 1998. "An Examination of Market Efficiency around Hurricanes," The Financial Review, Eastern Finance Association, vol. 33(1), pages 163-172, February.
    12. Bradley Ewing & Jamie Kruse & Mark Thompson, 2009. "Twister! Employment responses to the 3 May 1999 Oklahoma City tornado," Applied Economics, Taylor & Francis Journals, vol. 41(6), pages 691-702.
    13. Bradley T. Ewing & Jamie Brown Kruse, 2002. "The Impact of Project Impact on the Wilmington, North Carolina, Labor Market," Public Finance Review, , vol. 30(4), pages 296-309, July.
    14. Jared Carbone & Daniel Hallstrom & V. Smith, 2006. "Can Natural Experiments Measure Behavioral Responses to Environmental Risks?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(3), pages 273-297, March.
    15. Susan L. Cutter & Bryan J. Boruff & W. Lynn Shirley, 2003. "Social Vulnerability to Environmental Hazards," Social Science Quarterly, Southwestern Social Science Association, vol. 84(2), pages 242-261, June.
    16. Hian Teck HOON & Frank S T Hsiao & Mei-Chu Wang Hsiao, 2020. "The Chaotic Attractor of Foreign Direct Investment — Why China? A Panel Data Analysis," World Scientific Book Chapters, in: Development Strategies of Open Economies Cases from Emerging East and Southeast Asia, chapter 3, pages 39-79, World Scientific Publishing Co. Pte. Ltd..
    17. Matthew E. Kahn, 2005. "The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 271-284, May.
    18. Kellenberg, Derek K. & Mobarak, Ahmed Mushfiq, 2008. "Does rising income increase or decrease damage risk from natural disasters?," Journal of Urban Economics, Elsevier, vol. 63(3), pages 788-802, May.
    19. Tsai, Chung-Hung & Chen, Cheng-Wu, 2011. "The establishment of a rapid natural disaster risk assessment model for the tourism industry," Tourism Management, Elsevier, vol. 32(1), pages 158-171.
    20. JiYoung Park & Joongkoo Cho & Adam Rose, 2011. "Modeling a major source of economic resilience to disasters: recapturing lost production," 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. 58(1), pages 163-182, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiaobing Yu & Hong Chen & Chenliang Li, 2019. "Evaluate Typhoon Disasters in 21st Century Maritime Silk Road by Super-Efficiency DEA," IJERPH, MDPI, vol. 16(9), pages 1-10, May.
    2. Aliperti, Giuseppe & Sandholz, Simone & Hagenlocher, Michael & Rizzi, Francesco & Frey, Marco & Garschagen, Matthias, 2019. "Tourism, Crisis, Disaster: An Interdisciplinary Approach," Annals of Tourism Research, Elsevier, vol. 79(C).
    3. Xuming Wang & Xianrui Yu & Xiaobing Yu, 2022. "Flood Disaster Risk Assessment Based on DEA Model in Southeast Asia along “The Belt and Road”," Sustainability, MDPI, vol. 14(20), pages 1-10, October.
    4. João-Pedro Ferreira & Bijeta Bijen Saha & Gabriel Cardoso Carrero & Jinwon Kim & Christa Court, 2023. "Impacts of red tide in peer-to-peer accommodations: A multi-regional input-output model," Tourism Economics, , vol. 29(3), pages 812-834, May.
    5. Deni Kusumawardani & Yessi Rahmawati & Mokhamad Nur Cahyadi & Meifal Rusli & Ana Martina, 2023. "An analysis of the socio-economic impacts of the 2021 mountain Semeru Eruption on household level using PLS-SEM," Letters in Spatial and Resource Sciences, Springer, vol. 16(1), pages 1-23, December.
    6. KATO-VIDAL Enrique L., 2022. "Industrial Variety, Firms And Resilience," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(2), pages 141-159, August.
    7. Veronica Leoni & David Boto-García, 2023. "The Effect of Natural Disasters on Hotel Demand, Supply and Labour Markets: Evidence from the La Palma Volcano Eruption," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(4), pages 755-780, December.
    8. Susan L. Slocum, 2022. "Airbnb Host’s Perspectives on Climate Change: Wildfire Threats to Rural Tourism," Sustainability, MDPI, vol. 14(23), pages 1-10, November.
    9. Da Van Huynh & Long Hai Duong & Thuy Thi Kim Truong & Nhan Trong Nguyen, 2022. "Destination Responses to COVID-19 Waves: Is “Green Zone” Initiative a Holy Grail for Tourism Recovery?," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    10. Syamsari Syamsari & Muhammad Ramaditya & Irma Andriani & Ayu Puspitasari, 2022. "Selecting Priority Policy Strategies for Sustainability of Micro, Small, and Medium Enterprises in Takalar Regency," Sustainability, MDPI, vol. 14(23), pages 1-12, November.
    11. Gauri Sreekumar & Sabuj Kumar Mandal, 2024. "Impact of Social Connections on Flood-induced Migration Among Rural Agricultural Households: Empirical Evidence from India," Economics of Disasters and Climate Change, Springer, vol. 8(3), pages 513-539, November.
    12. Raheem, Ibrahim D. & le Roux, Sara, 2023. "Geopolitical risks and tourism stocks: New evidence from causality-in-quantile approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 1-7.
    13. Lee, Chien-Chiang & Wang, Chih-Wei & Ho, Shan-Ju & Wu, Ting-Pin, 2021. "The impact of natural disaster on energy consumption: International evidence," Energy Economics, Elsevier, vol. 97(C).
    14. Liang, Ruibin & Cheng, Sheng & Cao, Yan & Li, Xinran, 2024. "Multi-scale impacts of oil shocks on travel and leisure stocks: A MODWT-Bayesian TVP model with shrinkage approach," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    15. Fernando Rebola & Luís Loures & Paulo Ferreira & Ana Loures, 2022. "Inland or Coastal: That’s the Question! Different Impacts of COVID-19 on the Tourism Sector in Portugal," Sustainability, MDPI, vol. 14(23), pages 1-9, December.
    16. Stephanie Zarb & Kristin Taylor, 2023. "Uneven local implementation of federal policy after disaster: Policy conflict and goal ambiguity," Review of Policy Research, Policy Studies Organization, vol. 40(1), pages 63-87, January.
    17. Ana Maria Caldeira & Cláudia Seabra & Miral Sabry AlAshry, 2022. "Contrasting the COVID-19 Effects on Tourism Safety Perceptions and Coping Behavior among Young People during Two Pandemic Waves: Evidence from Egypt," Sustainability, MDPI, vol. 14(12), pages 1-16, June.
    18. Tchai Tavor, 2024. "Analyzing the influence of Airbnb announcements in the Asia Pacific Region: a sectoral perspective on travel, tourism, and real estate," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(4), pages 873-905, December.
    19. Noah C. Dormady & Robert T. Greenbaum & Kim A. Young, 2021. "An experimental investigation of resilience decision making in repeated disasters," Environment Systems and Decisions, Springer, vol. 41(4), pages 556-576, December.
    20. Coulson, N. Edward & McCoy, Shawn J. & McDonough, Ian K., 2020. "Economic diversification and the resiliency hypothesis: Evidence from the impact of natural disasters on regional housing values," Regional Science and Urban Economics, Elsevier, vol. 85(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kousky, Carolyn, 2012. "Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options," RFF Working Paper Series dp-12-28, Resources for the Future.
    2. Davlasheridze, Meri & Fisher-Vanden, Karen & Allen Klaiber, H., 2017. "The effects of adaptation measures on hurricane induced property losses: Which FEMA investments have the highest returns?," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 93-114.
    3. Eduardo Cavallo & Ilan Noy, 2009. "The Economics of Natural Disasters - A Survey," Working Papers 200919, University of Hawaii at Manoa, Department of Economics.
    4. Quy Ta & Yothin Jinjarak & Ilan Noy, 2022. "“How Do Shocks Affect International Reserves? A Quasi-Experiment of Earthquakes”," Open Economies Review, Springer, vol. 33(5), pages 945-971, November.
    5. Giorgio Di Pietro & Toni Mora, 2015. "The Effect of the L'Aquila Earthquake on Labour Market Outcomes," Environment and Planning C, , vol. 33(2), pages 239-255, April.
    6. Lazzaroni, Sara & van Bergeijk, Peter A.G., 2014. "Natural disasters' impact, factors of resilience and development: A meta-analysis of the macroeconomic literature," Ecological Economics, Elsevier, vol. 107(C), pages 333-346.
    7. Fujin Zhou & Wouter Botzen, 2021. "Firm Level Evidence of Disaster Impacts on Growth in Vietnam," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 277-322, June.
    8. Yashobanta Parida & Swati Saini & Joyita Roy Chowdhury, 2021. "Economic growth in the aftermath of floods in Indian states," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(1), pages 535-561, January.
    9. Bradley T. Ewing & Jamie Brown Kruse & Dan Sutter, 2007. "Hurricanes and Economic Research: An Introduction to the Hurricane Katrina Symposium," Southern Economic Journal, John Wiley & Sons, vol. 74(2), pages 315-325, October.
    10. Emmanuel Apergis & Nicholas Apergis, 2021. "The impact of COVID-19 on economic growth: evidence from a Bayesian Panel Vector Autoregressive (BPVAR) model," Applied Economics, Taylor & Francis Journals, vol. 53(58), pages 6739-6751, December.
    11. Noy, Ilan & Yonson, Rio, 2016. "A survey of the theory and measurement of economic vulnerability and resilience to natural hazards," Working Paper Series 19394, Victoria University of Wellington, School of Economics and Finance.
    12. Ilan Noy & Rio Yonson, 2018. "Economic Vulnerability and Resilience to Natural Hazards: A Survey of Concepts and Measurements," Sustainability, MDPI, vol. 10(8), pages 1-16, August.
    13. Eduardo Cavallo & Andrew Powell & Oscar Becerra, 2010. "Estimating the Direct Economic Damages of the Earthquake in Haiti," Economic Journal, Royal Economic Society, vol. 120(546), pages 298-312, August.
    14. Solomon M. Hsiang & Amir S. Jina, 2014. "The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth: Evidence From 6,700 Cyclones," NBER Working Papers 20352, National Bureau of Economic Research, Inc.
    15. Kunze, Sven, 2018. "Unraveling the effects of tropical cyclones on economic sectors worldwide," Working Papers 0653, University of Heidelberg, Department of Economics.
    16. Jungmin Lim & Mark Skidmore, 2019. "Flood Fatalities in the United States: The Roles of Socioeconomic Factors and the National Flood Insurance Program," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1032-1057, April.
    17. Eiji Yamamura, 2015. "The Impact of Natural Disasters on Income Inequality: Analysis using Panel Data during the Period 1970 to 2004," International Economic Journal, Taylor & Francis Journals, vol. 29(3), pages 359-374, September.
    18. Lim, Jungmin & Loveridge, Scott & Shupp, Robert & Skidmore, Mark, 2017. "Double danger in the double wide: Dimensions of poverty, housing quality and tornado impacts," Regional Science and Urban Economics, Elsevier, vol. 65(C), pages 1-15.
    19. Francesco Bosello & Shouro Dasgupta, 2015. "Development, Climate Change Adaptation, and Maladaptation: Some Econometric Evidence," Working Papers 2015.97, Fondazione Eni Enrico Mattei.
    20. Peter A. G. van Bergeijk & Sara Lazzaroni, 2015. "Macroeconomics of Natural Disasters: Strengths and Weaknesses of Meta‐Analysis Versus Review of Literature," Risk Analysis, John Wiley & Sons, vol. 35(6), pages 1050-1072, June.

    More about this item

    Keywords

    C130; O180; Q540;
    All these keywords.

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:anresc:v:54:y:2015:i:3:p:945-971. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.