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Do disaster areas benefit from disasters?.

By: Material type: TextTextLanguage: ENG Publication details: OCT 1984Description: 9p., 35 refs, 3 tablesSubject: An analysis of the economic effects of hurricane Frederic contests findings from recent research that contends that disasters in the U. S. actually can result in a net economic gain for the effected area. An examination of the impacted areas of Alabama and applying a relatively straightforward mathematical model of disaster recovery, it was found that lost community assets were not completely replaced by outside assistance. The article concludes with a discussion of the policy implications of the findings, in particular, the need to ensure that disaster relief funds are paid to individuals, firms and organizations who reside or primarily do business in the affected area.
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Reprinted from Growth and Change; October 1984; pp24-31

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An analysis of the economic effects of hurricane Frederic contests findings from recent research that contends that disasters in the U. S. actually can result in a net economic gain for the effected area. An examination of the impacted areas of Alabama and applying a relatively straightforward mathematical model of disaster recovery, it was found that lost community assets were not completely replaced by outside assistance. The article concludes with a discussion of the policy implications of the findings, in particular, the need to ensure that disaster relief funds are paid to individuals, firms and organizations who reside or primarily do business in the affected area.

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