Conversations About Our Scholarly Lives

12:00 PM  - 1:00 PM
Monday Sep 25, 2017
DeWitt Wallace Library 309

Felix Friedt, Economics, will present, "Hurricane Katrina and The Resilience of International Trade: An Empirical Examination of the Dynamic Spatial Trade Effects of Natural Disasters."  Natural disasters are omnipresent, increasing in their destructive force and potentially devastating local and regional economic activity. Professor Friedt discusses his spatial gravity model of international trade which he applied to monthly U.S. port level trade data in Louisiana and Florida. Ports closest to hurricane Katrina's epicenter experienced significant short-run reductions, whereas international trade handled by nearby ports rose in response to the 2005 disaster.  Overall, the analysis illustrates the potential disparity between aggregate and local trade effects and underlines the significance of infrastructure networks to reduce the devastation inflicted by natural disasters.  All faculty welcome.  Lunch will be provided.

Contact: Theresa Klauer, Ext 6881

This event is for: Faculty

Sponsored By: Jan Serie Center for Scholarship and Teaching (CST)

Categories: Front Page Events and Lectures and Speakers