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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IWH Discussion Papers ; No. 16/2020
- Klassifikation
-
Wirtschaft
Macroeconomics: Production
Business Fluctuations; Cycles
Cultural Economics: Religion
- Thema
-
natural disasters
plant-level productivity
religion
recovery
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hasan, Iftekhar
Manfredonia, Stefano
Noth, Felix
- Ereignis
-
Veröffentlichung
- (wer)
-
Halle Institute for Economic Research (IWH)
- (wo)
-
Halle (Saale)
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hasan, Iftekhar
- Manfredonia, Stefano
- Noth, Felix
- Halle Institute for Economic Research (IWH)
Entstanden
- 2020
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