Journal of Business Valuation and Economic Loss Analysis
Editor-in-Chief: Ewing, Bradley T. / Hoffman, Jim
1 Issue per year
CiteScore 2016: 0.32
SCImago Journal Rank (SJR) 2016: 0.143
Source Normalized Impact per Paper (SNIP) 2016: 0.623
Katrina and the Gulf States Casino Industry
Hurricane Katrina devastated the Louisiana and Mississippi Gulf Coast. The casino industry, especially in Mississippi, suffered staggering losses. We describe the industrys losses and provide data on the industry before and after Katrina. Following previous research which has indicated that casino development may be a stimulus to a states economy, we use a simple OLS model to examine whether rebuilding the Gulf Coast casinos has had an impact on personal income in Louisiana and Mississippi. After accounting for other factors, our results indicate that the casino industry has had a positive impact on post-Katrina personal incomes in Louisiana and Mississippi.