View in EDS PDF Full Text

Impact of Low-Intensity Hurricanes on Regional Economic Activity.

Saved in:
Bibliographic Details
Title: Impact of Low-Intensity Hurricanes on Regional Economic Activity.
Authors: Burrus, Robert T., Dumas, Christopher F., Farrell, Claude H., Hall, William W.
Source: Natural Hazards Review. Aug2002, Vol. 3 Issue 3, p118. 8p.
Subjects: Hurricanes, Disasters & economics, Business
Geographic Terms: North Carolina, United States
Abstract: Although low-intensity hurricanes cause far less structural damage than high-intensity hurricanes, these weaker hurricanes do impact regional economic activity through “business interruption.” Because the strike frequencies of low-intensity hurricanes are orders of magnitude greater than those of stronger storms, the cumulative impact of frequent “business interruption” may be significant. Using Chamber of Commerce survey data, we estimate industry-specific business interruption losses for three low-intensity hurricanes striking the Wilmington, N.C., region. The average, per-storm regional impacts of business interruption, including direct, indirect, and induced impacts, are equivalent to between 0.8 and 1.23% of annual regional output, between 1.11 and 1.63% of regional employment, and between 1.21 and 1.81% of annual indirect business taxes. While these per-storm losses may appear small, the high strike frequencies of low-intensity hurricanes produce a cumulative (in expectation) impact equivalent to a high-intensity hurricane strike causing approximately $3.7 billion in damage. [ABSTRACT FROM AUTHOR]
Copyright of Natural Hazards Review is the property of American Society of Civil Engineers and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
FullText Links:
  – Type: pdflink
Text:
  Availability: 0
Header DbId: egs
DbLabel: Engineering Source
An: 7203496
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Impact of Low-Intensity Hurricanes on Regional Economic Activity.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Burrus%2C+Robert+T%2E%22">Burrus, Robert T.</searchLink><br /><searchLink fieldCode="AR" term="%22Dumas%2C+Christopher+F%2E%22">Dumas, Christopher F.</searchLink><br /><searchLink fieldCode="AR" term="%22Farrell%2C+Claude+H%2E%22">Farrell, Claude H.</searchLink><br /><searchLink fieldCode="AR" term="%22Hall%2C+William+W%2E%22">Hall, William W.</searchLink>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="JN" term="%22Natural+Hazards+Review%22">Natural Hazards Review</searchLink>. Aug2002, Vol. 3 Issue 3, p118. 8p.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Hurricanes%22">Hurricanes</searchLink><br /><searchLink fieldCode="DE" term="%22Disasters+%26+economics%22">Disasters & economics</searchLink><br /><searchLink fieldCode="DE" term="%22Business%22">Business</searchLink>
– Name: SubjectGeographic
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22North+Carolina%22">North Carolina</searchLink><br /><searchLink fieldCode="DE" term="%22United+States%22">United States</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Although low-intensity hurricanes cause far less structural damage than high-intensity hurricanes, these weaker hurricanes do impact regional economic activity through “business interruption.” Because the strike frequencies of low-intensity hurricanes are orders of magnitude greater than those of stronger storms, the cumulative impact of frequent “business interruption” may be significant. Using Chamber of Commerce survey data, we estimate industry-specific business interruption losses for three low-intensity hurricanes striking the Wilmington, N.C., region. The average, per-storm regional impacts of business interruption, including direct, indirect, and induced impacts, are equivalent to between 0.8 and 1.23% of annual regional output, between 1.11 and 1.63% of regional employment, and between 1.21 and 1.81% of annual indirect business taxes. While these per-storm losses may appear small, the high strike frequencies of low-intensity hurricanes produce a cumulative (in expectation) impact equivalent to a high-intensity hurricane strike causing approximately $3.7 billion in damage. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Natural Hazards Review is the property of American Society of Civil Engineers and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=7203496
RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1061/(ASCE)1527-6988(2002)3:3(118)
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 8
        StartPage: 118
    Subjects:
      – SubjectFull: Hurricanes
        Type: general
      – SubjectFull: Disasters & economics
        Type: general
      – SubjectFull: Business
        Type: general
      – SubjectFull: North Carolina
        Type: general
      – SubjectFull: United States
        Type: general
    Titles:
      – TitleFull: Impact of Low-Intensity Hurricanes on Regional Economic Activity.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Burrus, Robert T.
      – PersonEntity:
          Name:
            NameFull: Dumas, Christopher F.
      – PersonEntity:
          Name:
            NameFull: Farrell, Claude H.
      – PersonEntity:
          Name:
            NameFull: Hall, William W.
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 08
              Text: Aug2002
              Type: published
              Y: 2002
          Identifiers:
            – Type: issn-print
              Value: 15276988
          Numbering:
            – Type: volume
              Value: 3
            – Type: issue
              Value: 3
          Titles:
            – TitleFull: Natural Hazards Review
              Type: main
ResultId 1