Document Type
Article
Publication Date
10-1-2011
Abstract
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. © 2011 Royal Statistical Society.
Publication Source (Journal or Book title)
Journal of the Royal Statistical Society Series A Statistics in Society
First Page
1007
Last Page
1027
Recommended Citation
LeSage, J., Kelley Pace, R., Lam, N., Campanella, R., & Liu, X. (2011). New Orleans business recovery in the aftermath of Hurricane Katrina. Journal of the Royal Statistical Society Series A Statistics in Society, 174 (4), 1007-1027. https://doi.org/10.1111/j.1467-985X.2011.00712.x