Professor of Economics; Economics & Business Administration Department Chair
Economics & Business Administration / Academic
- Office:
- Hopkins Center 215
- Mailbox:
- 61591
- Phone:
- 903.813.2341
Office Hours:
Monday-Wednesday – 10-11 a.m.
Tuesday-Thursday – 9:30-11 a.m.
Curriculum Vitae
Education:
B.B.A., University of Texas at Arlington.
M.B.A., Dallas Baptist University.
Ph.D., Texas Tech University.
Endowed Chair:
The Clara R. and Leo F. Corrigan Sr. Chair in Economics and Business Administration
Current Research:
Economics of Natural Hazards
Natural hazards have fascinated and frightened us since earliest times. From Noah’s flood to Pompeii’s volcano, natural disasters form a terrifying theme in ancient literature. In modern times, scientists have dramatically increased their understanding of these events, while engineers have designed buildings and infrastructure that minimize the destructive effects of natural hazards. It is only recently, however, that social scientists have begun to examine the impact these events have on society at large, as well as policies intended to lessen those effects. Perhaps the most obvious “societal impact” is the economic costs of hazard events on individuals and institutions. In the aggregate, these costs can be huge. Hurricane Andrew caused 16 billion in insured losses and perhaps twice that amount in uninsured losses. Thirteen years later, Hurricane Katrina, cost an estimated 34 billion in insured losses and over 200 billion in federal outlays not to mention the horrific number of casualties. Economists are interested in finding ways to reduce the impacts of disasters, but also the effects these events have on labor, financial and other markets affected by community disruption.
‘‘. . . what has so often excited wonder, the great rapidity with which countries recover from a state of devastation; the disappearance, in a short time, of all traces of the mischief’s done by earthquakes, floods, hurricanes, and the ravages of war . . . all the inhabitants are ruined, and yet, in a few years after, everything is much as it was before.’’ – J.S. Mill (1848)
Recently Published Books:
Deadly Season, with Dan Sutter
Published by: AMS Books
Distributed by: University of Chicago Press
Release Date: Spring 2012
The Economic and Societal Impact of Tornadoes, with Dan Sutter
Published by: AMS Books
Distributed by: University of Chicago Press
Release Date: Fall 2010
Recent and Forthcoming Articles:
The Impact of Varying Wind Risk on the Economic Effectiveness of a Statewide Building Code
Real Estate Market Response to Enhanced Building Codes in Moore, OK
Economic Effectiveness of Implementing a Statewide Building Code: The Case of Florida
“Hurricanes and Moving Water, A Deadly Combination: An Analysis of Coastal and Inland Hurricane Fatalities”, with Jeff Czajkowski and Dan Sutter, Natural Hazards, forthcoming.
“False Alarms, Tornado Warnings and Tornado Casualties”, with Dan Sutter, Weather, Climate and Society, (Journal of the American Meteorological Society), Vol. 1, No. 1, October, 2009.
“Damages from Landslides: An Econometric Model for Estimating Potential Losses”, World Landslide Forum, Rome, Italy, October 2011.
“Social and Economic Impacts of Catastrophes”, in Rick Bissel (Ed.), FEMA Emergency Management Institute Course.