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.
Nobody downloaded yet

Economics - Research Paper Example

Comments (0)
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 paper
GRAB THE BEST PAPER
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
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Macro Economics Research Paper
Macroeconomics and microeconomics are the two most general areas of economics. Macroeconomists study combined indicators such as Gross Domestic Products (GDP), unemployment rates as well as price indices in order to understand how the whole economy works.
4 Pages(1000 words)Research Paper
Research paper for Health Economics
These debates involve discussions about how reforms can be brought about in this sector. This point of view takes care of the economic objectives of the reforms in the health care system but obscures the other portion of the purposes of providing efficient health care: the morally vital attributes of the medical profession and the health care provision.
7 Pages(1750 words)Research Paper
Economics for Business Research Paper
Currently, Oqo has gained popularity and wide acceptance in the market where it operates by its commitment in product innovation which highlights the importance of offering new features within its line. Since its establishment, the main goal of Oqo has always been to "transform personal computing in the same way that mobile phones revolutionized telecommunications" (About Us 2007).
6 Pages(1500 words)Research Paper
Economics College Research Paper
Relatively elastic demand curve is the result of relatively bigger change in demand for good in response to a small change in prices of that good. On the other hand the relatively inelastic demand curve is the result of smaller proportionate change- decrease or increase in the demand for quantity of goods in response to a given proportionate rise or fall in its price.
3 Pages(750 words)Research Paper
Economics Research Paper
Our sales consist of 80% B to B selling. Our target market includes private builders building mega projects and government projects which focuses on infrastructure expansion. Changes in economy affect the business of
5 Pages(1250 words)Research Paper
Economics Research Paper
produced the overwhelming majority of vehicles sold in the U.S and employed more than one million Americans in manufacturing motor vehicles, equipments and parts (Cooney and Yacobucci, 2007, p. 1). The very recent economic-profiles of the U.S automotive industry have shown that
6 Pages(1500 words)Research Paper
Term paper for economics
Nonetheless, the point of departure between these agreeing line of thoughts involve the approaches to use while distributing wealth that a nation created. A number of theories and legends provide the way that nations should distribute the national cake, which are historical in
5 Pages(1250 words)Research Paper
This is a position paper for an economics case
When the prices of goods and services are increasing while wages remains the same, the income expenditure of household is thus limited to what it can only afford in the market.
5 Pages(1250 words)Research Paper
Public economics paper
The US Social Security system is envisioned to give a shield protecting American workers and their relations in case of disability, retirement, and early
7 Pages(1750 words)Research Paper
Urban economics paper
It is imperative to note that several counties makes up of a single metro area. In addition, the metro are has adjacent counties, which consist of high extent of social and economic incorporation. This essay seeks to examine all the details that
6 Pages(1500 words)Research Paper
Let us find you another Research Paper on topic Economics paper for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us