Effect of Natural Disasters on Local Economies

Forecasting Sales Tax Revenue after Hurricane Ike

Bibliographic Data

ID6154139
AuthorsOrkhan Ismayilov (University of North Texas), Simon A Andrews, Simon A Andrew (University of North Texas)
Year2016
Volume15
Issue2
Pages177-190
Publication date2016-12-31
Open AccessYes
TypeARTICLE
VenueJournal of Contemporary Eastern Asia (JOURNAL)
Journal identifiersISSN: 2383-9449 • E-ISSN: 2383-9449
PublisherWorld Association for Triple helix and Future strategy studies (PUBLISHER • KR)
DOI10.17477/jcea.2016.15.2.177
OpenAlexW2604286088
LanguageEN
Citations received3
References cited10

One of the main objectives of this paper is to provide insight to understand the effect of natural disasters on local government finance. That is, to analyze local governments’ sales tax revenues after Hurricane Ike. Three Texas cities are examined: League City, Pearland, and Sugarland. Based on data collected from the Texas Comptroller’s Office and the US Census, we found local governments experience a short-term increase in sales tax revenues and a long-term decline after the hurricane strike the region. On average, a major hurricane has a two-year impact on local government economy. The findings are essential for practitioners because in order to have a prosperous recovery after natural disasters, public managers have to prepare financially for short term changes in their sales tax revenues

Ad valorem tax · Business · Census · Double taxation · Economics · Geography · Government (linguistics · Local government · Natural disaster · Order (exchange · Political science · Public economics · Revenue · Sales tax · Tax revenue · Disaster Management and Resilience · Flood Risk Assessment and Management · Public Administration · Tropical and Extratropical Cyclones Research · Finance

Tools

Open DOIOpen Access