Economic impact of an environmental accident : a time-series analysis of the Exxon Valdez oil spill in southcentral Alaska.

By:

Cohen, Maurie J

Material type: Text

TextLanguage: ENG Publication details: 1993Description: 29 pSubject: The prevailing model of individual and collective responses to environmental accidents emphasizes the interactive relationships between the impacted social organization and the aversive agent. The focus of this model is on the social and psychological dimensions of these events. Lacking is a recognition that environmental accidents are also powerful economic perturbations with the potential to effect profound adjustments within impacted communities. A stochastic time-series model is utilized to illustrate the magnitude of the economic impacts of the Exxon Valdez oil spill on the communities of southcentral Alaska. This environmental accident induced a regional economic boom of substantial proportions for the small, natural resource dependent communities located in the impacted region. Although the benefits of this increase in economic activity were not distributed evenly across southcentral Alaska, the analysis concludes that the environmental accident was economically beneficial and compensated for a sharp reduction in the profitability of commercial fishing.

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Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	Australian Emergency Management Library	BOOK	303.485097983 ECO (Browse shelf(Opens below))	Available		005728748

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Previous	303.485086330954 UND Understanding vulnerability : South Asian perspectives.	303.4850973 COM Communication and behavior : organizational and individual response to warnings.	303.4850979494 ECO Ecology of fear : Los Angeles and the imagination of disaster.	303.485097983 ECO Economic impact of an environmental accident : a time-series analysis of the Exxon Valdez oil spill in southcentral Alaska.	303.485097983 SOC Social disruption and psychological stress in an Alaskan fishing community: the impact of the Exxon Valdex [i.e. Valdez] oil spill.	303.485097983 TRA Tradition loss as secondary disaster : long-term cultural impacts of the Exxon Valdez oil spill.	303.4850994 DIS Disaster reduction for sustainability : World Disaster Reduction Day 1992.	Next

Reprinted from Sociological Spectrum; 1993; Vol 13; No 1; p. 35-63

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The prevailing model of individual and collective responses to environmental accidents emphasizes the interactive relationships between the impacted social organization and the aversive agent. The focus of this model is on the social and psychological dimensions of these events. Lacking is a recognition that environmental accidents are also powerful economic perturbations with the potential to effect profound adjustments within impacted communities. A stochastic time-series model is utilized to illustrate the magnitude of the economic impacts of the Exxon Valdez oil spill on the communities of southcentral Alaska. This environmental accident induced a regional economic boom of substantial proportions for the small, natural resource dependent communities located in the impacted region. Although the benefits of this increase in economic activity were not distributed evenly across southcentral Alaska, the analysis concludes that the environmental accident was economically beneficial and compensated for a sharp reduction in the profitability of commercial fishing.

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