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Full-Text Articles in Agricultural and Resource Economics
Economic Impacts Of Coastal Hazards On Mississippi Commercial Oyster Fishery From 2005 To 2016, Benedict C. Posadas
Economic Impacts Of Coastal Hazards On Mississippi Commercial Oyster Fishery From 2005 To 2016, Benedict C. Posadas
Journal of Ocean and Coastal Economics
This paper attempted to quantify the commercial fishery impacts consisting of wild harvest losses of oysters by commercial Mississippi fishers due to coastal hazards since 2005. The economic impacts of coastal hazards on the Mississippi oyster fishery included the direct losses associated with Katrina in 2005, the oil spill in 2010, spillway opening in 2011 and harmful algal blooms in 2015. The cumulative economic direct impacts on the Mississippi oyster reached almost $40 million, averaging about $3.3 million per year. Long-term data were compiled to develop economic recovery models for the Mississippi oyster fishery. The economic recovery model attempted to …
Hurricane Damage To The Ocean, Charles S. Colgan, Jefferey Adkins
Hurricane Damage To The Ocean, Charles S. Colgan, Jefferey Adkins
Publications
In 2005, insured losses from hurricanes and other catastrophes were greater than in any other year in U.S. history. NOAA’s National Hurricane Center estimates that $85 billion of total damages resulted from Hurricanes Katrina and Rita alone. One year later, the region affected by these two hurricanes still struggles to recover, both as a place to live and as a viable economy. Using data from the BLS Quarterly Census of Employment and Wages, the National Ocean Economics Program has developed a data series that allows the economic damage to coastal regions to be seen in a new light: what happens …