When oceans attack: assessing the impact of hurricanes on localized taxable sales
We examine the impact of hurricanes in Florida on county-level taxable sales revenues. Conditional on the strength of the hurricane, within 6 months after a hurricane strikes a county, revenues decline as much as 17 %, whereas revenues in neighboring counties increase by upward of 17 % over that same time frame. This decline in revenue is found to be dependent on the commercial makeup of a hurricane-stricken county. Particular focus is given to tourism-related subsectors within the local economy. Finally, we show that along the pathways of hurricanes, initially hit counties face a more severe burden, ranging as high as a 33 % immediate decline in taxable revenues in 1 month for coastal counties. As the hurricane weakens, the direct impact is lessened; however, there is evidence of spillover damage in neighboring areas. Copyright Springer-Verlag Berlin Heidelberg 2014
Year of publication: |
2014
|
---|---|
Authors: | Belasen, Ariel ; Dai, Chifeng |
Published in: |
The Annals of Regional Science. - Western Regional Science Association - WRSA. - Vol. 52.2014, 2, p. 325-342
|
Publisher: |
Western Regional Science Association - WRSA |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
The case for human development: a cross-country analysis of corruption perceptions
Peyton, Kyle, (2010)
-
Doctor-patient communication : a review and a rationale for using an assessment framework
Belasen, Ariel, (2018)
-
Corruption in Emerging and Developing Economies: Evidence from a Pooled Cross-Section
Peyton, Kyle, (2012)
- More ...