The following is an excerpt from the April 18 issue of The Wichita Eagle. Jeremy Hill, director of the Center for Economic Development and Business Research at Wichita State University, contributed to the article.

Tornadoes pick economic winners and losers
Apr 18, 2012 10:26 AM | Print
Share

Homeowners who have seen their property reduced to rubble by the tornado that moved through south Wichita on Saturday are clear early losers, while the lagging construction industry is likely to get a boost, as are retailers who sell items such as cars, clothes and bedding that will need to be replaced.

The negative effects of a tornado come from damage to property and replacement costs for that property, as well as from lost wages of workers, such as those at aircraft companies, who are temporarily idled by halts in production, said Jeremy Hill, director of the Center for Economic Development and Business Research at Wichita State University.

Both those effects could create tax variables, as well, Hill said.

"If you have less income, you would be spending less during that time," he said.

The positive effect comes from a boost in new construction to rebuild ravaged structures, which will be particularly helpful for a construction sector that has been very weak, Hill said.

Read full story.

Created on Apr 18, 2012 10:26 AM; Last modified on Apr 20, 2012 11:04 AM
#
HEADLINES RSS Feed
Koch Global Trading Center officially dedicated
Rhatigan Renewal revives campus life
WSU dedicates building named for former president
Innovative splint developed by WSU researchers
WSU expansion will support job growth, innovation
Wichita State Musical Theater presents 'The Spitfire Grill'
Economic Outlook Conference, Oct. 9
History Department special presentation
Workshop to prepare students for ACT
Nursing student workshop to be held at WSU
WSU hosting 'Writing Now, Reading Now' series
WSU to host ACT Math Workshop
David Cabela to speak at WSU forum
Constitution Day activity at WSU
The Elliott School of Communication turns 25
Kansas Council for Economic Education receives grant
Ray to discuss photography at reception
Students, community welcome at WSU outdoor movie
AQR holiday travel forecast: Book early
CEDBR now offers indicators in optimal format
Students feel at home in Shocker Hall
Tree planting honors WSU's KBOR anniversary
Innovation helps WSU School of Nursing reach students
SEARCH WSU NEWS
Events Academe
SEARCH EVENTS
TODAY AT WSU
THIS WEEK AT WSU
  • No events
© 1995-2014 Wichita State University. All rights reserved.
Valid HTML 401