Arbeitspapier
Cultural resilience and economic recovery: Evidence from Hurricane Katrina
This paper investigates the critical role of culture for economic recovery after natural disasters. Using Hurricane Katrina as our laboratory, we find a significant adverse treatment effect for plant-level productivity. However, local religious adherence and larger shares of ancestors with disaster experiences mutually mitigate this detrimental effect from the disaster. Religious adherence further dampens anxiety after Hurricane Katrina, which potentially spur economic recovery. We also detect this effect on the aggregate county level. More religious counties recover faster in terms of population, new establishments, and GDP.
- Language
-
Englisch
- Bibliographic citation
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Series: IWH Discussion Papers ; No. 16/2020
- Classification
-
Wirtschaft
Macroeconomics: Production
Business Fluctuations; Cycles
Cultural Economics: Religion
- Subject
-
natural disasters
plant-level productivity
religion
recovery
- Event
-
Geistige Schöpfung
- (who)
-
Hasan, Iftekhar
Manfredonia, Stefano
Noth, Felix
- Event
-
Veröffentlichung
- (who)
-
Halle Institute for Economic Research (IWH)
- (where)
-
Halle (Saale)
- (when)
-
2020
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hasan, Iftekhar
- Manfredonia, Stefano
- Noth, Felix
- Halle Institute for Economic Research (IWH)
Time of origin
- 2020
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