Nobody downloaded yet

Economics - Research Paper Example

Comments (0) Cite this document
Summary
ABSTRACT The special analyzation of this paper is on the impact of the hurricane Katrina on the gaming revenues as well as on the taxes of Mississippi. The losses which took place by this hurricane an the magnitude of it, both are determined with ARIMA models…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
Economics paper
Read TextPreview

Extract of sample "Economics"

Download file to see previous pages This effect of substitution leads to such relocation of the local taxes in between the small regions that gave a negative impact on the state level. The overall recovery time and short falls are shown as in early estimates. This particular research started with analyzation and it ends with a hope that gaming laws shall be modified to save on greater losses. INTRODUCTION 29th August 2005 a third category storm known as Katrina was seen hitting the coast of Mississippi. This hurricane was devastating in nature and destroyed a large area of which included more of residence and business of the coastal area of Mississippi. Katrina is regarded as one amongst the few most devastating natural catastrophes in the history of U.S. This particular natural calamity has been held responsible for 231 fatalities and over $100 billions of damages in Mississippi. This paper focuses on one particular sphere which actually draws the economy of Mississippi which is casino gaming. These casinos are very important because the economy of Mississippi relies on this particular sector. The taxes, which are put on these gaming revenues, add up to more that $330 million to state annually and all the local coffers, which were prior to this place before Katrina. When Katrina roared in ashore most of the casinos in the gulf coast built mostly on the barges were destroyed or heavily damaged. This area had the total infrastructure of this casino games. These buildings were considered as the lifeblood of the place. In this research paper we go in for analyzing the the total amount lost in these gaming revenues, the huge amount of taxes lost and the duration of he recovery period of these casino games. The results of our findings were surprising as it gave a substituting effect and a beautiful example of the effectiveness of governmental intervention. The beginning of the paper is with this particular industry of the state, which is followed by methodology and data collection section respectively. At last, we present results and the conclusions. REVIEW OF EXISTING LITERATURES: A brief note about the Casino Industry of Mississippi The legislation of 1990 of Mississippi enacted and later allowed the gaming courses on these navigable waterways. The first ever casino to come up in this water way was in the midis of 1992. Most of the casino games were under the category of riverboat gambling (Roehl, 1994). During 1990’s we get to see casinos with huge facilities, restaurants, entertainment and supported with huge hotels. We see such features during this time. In United States, we have Mississippi ranked in the third place after obviously Las Vegas and the Atlanta city. There is also a Mississippi commission for games which estimates that every day they have more than 50 million people who visit the place. Further, amongst the 50million people, those who patronize the casinos of Mississippi annually out of them around 81% people are form the states of south eastern countries. Gulf Coast, South River, and North River, the gaming casino industry of Mississippi is based on on these three zones. The impact of Katrina fell on all these three zones respectively. North River section is based on a huge area of 594,000 square feet. It consisted of 10 casinos before Katrina struck the shore in 2005. This particular section is situated in the centre of Tunica, which is again located in the North West corner of state, southern part of Memphis. It is Tennessee. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics paper Research Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1413872-economics-paper
(Economics Paper Research Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/family-consumer-science/1413872-economics-paper.
“Economics Paper Research Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/family-consumer-science/1413872-economics-paper.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics paper

Macro Economics Paper

... Macro Economics Introduction This paper focuses on the ments made to the media by Mr. Glenn Stevens, the Governor of the Australian Reserve Bank concerning the monetary policy decisions by the Reserve Bank of Australia. The statement was issued by the Reserve Bank’s Governor on the 7th of February during a meeting with the organizations Board. The decisions made would enable the monitoring along with control of the monetary and economic conditions so that the country continues experiencing growth that is sustainable and inflation rates that are low. In the article, the Governor makes the observation that the European continent has experienced weak monetary with their future values still appearing to continue falling in the future... . The...
6 Pages(1500 words)Essay

International Economics paper

..., there are differences between views people have in the U.S. and the views people have in most developing countries about the WTO and trade liberalization. In developing countries people fear that increase trade liberalization will lead developed countries to take advantage of their resources. In the U.S., the perception is that increased free trade will lead to a loss of sovereignty. Reference Litan, Robert. Moving Towards an Open World Economy: The Next Phase. 6 Dec. 2009. Brookings Institute, Washington .D.C. [Accessed] 12 Mar. 2009 papers/1999/1206globaleconomics_litan.aspx>.... misconceptions surround the move toward trade liberalization In "Moving towards an Open World Economy: the Next Phase," Robert Litan discusses the future of the World Trade Organization (WTO) after the...
1 Pages(250 words)Article

Business Economics Paper

...BUSINESS ECONOMICS PAPER Table of Contents Page No. Introduction 2 Determinants of Demand 3 Financial ability to pay The prices, availability and attractiveness of alternative products Marketing Attitude towards the products The Structure of Market for Computer Multimedia Products... is an...
11 Pages(2750 words)Essay

Economics Paper

...Economics Paper Question one This company have to strategize on the basis of two market:- local and international market. International trade Pricingstrategy would be based on the prevailing foreign exchange rate, which is beyond the company control. However some other external cost must be considered so that the company doe not operate at a loss. Some of these cost include:- foreign or shipping cost, insurance cost, storage costs among others. All these will determine the price of the company's products sold across the border. Generally speaking, the foreign exchange rate will depend on the international forces of demand and supply of local currency. If the local currency is weak, the company will have...
4 Pages(1000 words)Essay

Economics Paper 2

...ASSIGNMENT ECONOMOCS PAPER 2 INTRODUCTION Economics is achieving goals with the available resources. Following are few tips to start thinking economically: One should be a critical thinker and should not get usurped by ones emotions, desires and personal life. One should be objective. Avoid being dogmatic in approach .One should go to the root of the subject to get sound reasons and only then believe it. Incentive oriented Everybody wants to be duly rewarded. The more one is acknowledged by giving incentives the more one wants to work hard. A person’s decision mostly depends on the incentives he is getting. Every situation has different layers. One should try to get away from the obvious...
2 Pages(500 words)Essay

Economics Paper

... Submitted Monopolistic Market A monopolistic market is characterized by a solitary control of a firm or business organization in selling a particular product or service. Whereas many firms compete in a perfect competition environment, a firm in a monopolistic market possesses an exclusive control of what product or service to sell. As a single player in the market, the power to control price, supply, product differentiation, and market entry lies almost exclusively in the hands of that firm. The firm existing in a monopolistic market is, by itself, considered an industry. Since no other players are occupying the market, the solitary firm acts as a representative of a particular industry. The product or service a firm offers... Submitted...
3 Pages(750 words)Essay

Public economics paper

...Public Economics Paper I (a) Privatization of social security is increasing throughout the world Chile, Sweden, Australiaand Argentina have already privatized. One of the greatest proposals along the lines of privatizing social security and its argument came in 2005 President George W. Bush purported a plan to permit all workers under 55 to invest a percentage Social Security taxes into "personal retirement accounts. The US Social Security system is envisioned to give a shield protecting American workers and their relations in case of disability, retirement, and early mortality. Shifting Social Security aids to private accounts is a way of preventing Social Securitys anticipated forthcoming financial...
7 Pages(1750 words)Research Paper

Urban economics paper

...opportunities boost rose to 2.6% this year and the unemployment rate reducing to the minimum of the 4.6%. This paper traces job opportunities growth rate of the City of Antonio to the year 2001, when the City had 995685 employees, which is 0.698% of the entire US total employments. The trend in employments has been increasing and as at 2012, the city had 1234928employment positions 0.79% of the entire US employment opportunities. Between 2001 and 2007, San Antonio has had a 15.9% increase in its total employments. However, this reduced to 2.3% between 2007 and 2010, and rose again by 2.4 % between 2010 and 2012. The positive trend in the employment graph is a sure indication of the stable economic...
6 Pages(1500 words)Research Paper

Development Economics Paper 3

...Development Economics Paper 3 What impression (feelings) about economic development did this chapter leave you with?  The chapter left me with the impression that economic development is what we chose to have. A country has its own obligation and mandate to cultivate a hard working culture within its residents and utilize what they have at stalk to foster for economic empowerment. Foreign aid plays a very big role in jumpstarting those economies that have been plunged into misery due to a number of other factors derailing their growth. According to the chapter, economic development in a state is wholly reliant on its leaders and the...
2 Pages(500 words)Essay

Universal Pocket Prescription Card, Behavioral Economics Paper

...Universal Pocket Prescription Card, Behavioral Economics Paper Universal Pocket Prescription Card, Behavioral Economics Paper Introduction Behavioral economics is a branch of economics that advocates for the study of psychological, emotional, social and cognitive factors in the making of economic decisions. The behavioral models will examine how the psychological and macroeconomic theories are. It gives the economist an insight into the market concepts and the ideas that drive the choice of consumption in the public. It sets to assess the risk and rewards of potential economic ventures by using the assessment of human reaction during the planning process (Junghans, 2015). The study focus to investigate the problems attributed... to the...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Economics paper for FREE!

Contact Us