New Orleans business recovery in the aftermath of Hurricane Katrina

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 neighbo...

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Bibliographic Details
Published in:Journal of the Royal Statistical Society. Series A, Statistics in society Statistics in society, 2011-10, Vol.174 (4), p.1007-1027
Main Authors: LeSage, James P., Kelley Pace, R., Lam, Nina, Campanella, Richard, Liu, Xingjian
Format: Article
Language:English
Subjects:
Applications
Business
Business community
Business structures
Decisions
Dependence relationships
Disaster recovery
Disasters
Economic recovery
Exact sciences and technology
Floods
General topics
Government aid
Governments
Hurricanes
Interdependence
Louisiana
Mathematics
Matrices
Measurement
Natural disasters
Parametric models
Probability and statistics
Recovery
Scalars
Sciences and techniques of general use
Socioeconomics
Sole proprietorships
Space economics
Spatial analysis
Spatial auto-regressive model
Spatial models
Spatial spillovers
Statistical analysis
Statistics
U.S.A
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Summary: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 disaster such as Hurricane Katrina.This interdependence has important statistical implications for how we analyse business recovery after disasters, as well as government aid programmes.
ISSN:0964-1998
1467-985X
DOI:10.1111/j.1467-985X.2011.00712.x