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Running head: Hurricane Katrina: The Economic Impact of Natural Disasters

Hurricane Katrina: The Economic Impact of Natural Disasters

Timothy T. Boyd

Embry-Riddle Aeronautical University

Abstract
Major natural disasters can do and have severe negative short-run economic impacts. Disasters also appear to have adverse longer-term consequences for economic growth, development, and poverty reductions. Natural disasters cause significant budgetary pressures, with both narrowly fiscal short-term impacts and wider long-term implications for development. On August 29, 2005, one of the most deadliest hurricanes slammed into the Gulf Coast region of the United States. Hurricane Katrina, once a category 5 storm, dropped slightly in intensity, to a major category 4 storm, before causing her destruction and devastation of the Gulf Coast region. This research paper will identify the economic impact of natural disasters, focusing on Hurricane Katrina.
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Approximate Word Count: 1562
Approximate Pages: 7 (250 words per double-spaced page)

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