University of New Mexico
Estimated Business Interruptions Losses of the Deepwater Horizon Oil Spill
Abstract
dc:description.abstractA generalized framework of Economic Analysis of natural and man-made disasters is applied to the estimation of business interruption losses associated with an oil spill. Specifically, this framework is applied to the Deepwater Horizon incident which occurred on April 20, 2010 and resulted in the extensive fouling of the Gulf of Mexico waters and the associated coastline. The region of analysis is the coastline extending east from Louisiana to the Pan-handle of Florida. Economic impacts were measured as business interruption losses reported as lost Gross Domestic product at the county, state, and national level. Short-run economic impacts were evaluated using the Regional Economic Accounting Tool, based on Input-Output methodology, for business interruptions of less than one year. Medium- and Long-run economic impacts were estimated using the Regional Economic Models, Inc. REMI. The REMI Model is a dynamic hybrid model that combines econometric, input-output, and computable general equilibrium equations to estimated economic impacts. Regional economic impacts, as measured by loss GDP, were found to be of more concern than national impacts.
Degree
thesis:*- Name thesis:degree_name
- Economics
- Level thesis:degree_level
- Masters
- Discipline thesis:degree_discipline
- Department of Economics
- Year
- 2011
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Vargas, Vanessa
- Contributors dc:contributor
-
- Chermak, Janie
- Grimsrud, Kristine
- Santos, Richard
Subjects
dc:subject × 8Rights
- Language dc:language
- English
Identifiers
dc:identifier.*- OAI identifier oai:identifier
- oai:digitalrepository.unm.edu:econ_etds-1027