Corpus ID: 54961368

Wealth And Income Effects Of Natural Disasters: An Econometric Analysis Of Hurricane Hugo

@article{Guimares1993WealthAI,
  title={Wealth And Income Effects Of Natural Disasters: An Econometric Analysis Of Hurricane Hugo},
  author={Paulo Guimar{\~a}es and Frank L. Hefner and Douglas P. Woodward},
  journal={The Review of Regional Studies},
  year={1993},
  volume={23},
  pages={97-114}
}
Following natural disasters, many regions face substantial losses of wealth. However, some sectors experience temporary gains in economic activity as a result of insurance claims and other short-term income flows. This paper examines the economic gains and losses from Hurricane Hugo in South Carolina. The analysis is based on a multi-sector regional econometric model, which allows us to examine the state's economy "with and without" the storm. We first obtained estimates based on pre-Hugo… Expand

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