Book/Printed Material Challenges and opportunities for the Puerto Rico economy : a review of evidence and options following Hurricanes Irma and Maria in 2017

Title

• Challenges and opportunities for the Puerto Rico economy : a review of evidence and options following Hurricanes Irma and Maria in 2017

Summary

• Recovery of the Puerto Rico economy in the aftermath of Hurricanes Irma and Maria means not only rebuilding the public and private infrastructure, supply chains, human capital, and other contributors to economic output but also reversing negative economic trends that existed and presented major challenges to growth even before the storms hit. In their report, the authors explain the history of economic development and policy in Puerto Rico and discuss the state of the pre storm economy, including key economic challenges. They use the historical data on overall economic activity (unrelated to the hurricanes) to construct a counterfactual to assess the net causal effect of Hurricanes Irma and Maria on Puerto Rico's economy. The counterfactual examines what would have happened to employment, labor, population, and tourism, as well as the government of Puerto Rico's fiscal position, had the hurricanes not occurred. Observed economic indicators following the storms are then compared to this counterfactual to estimate the real net economic consequences of the hurricanes, including overall damage from the storms and the effect of the recovery effort. The analysis provides considerable detail on the conditions in Puerto Rico before and after the 2017 hurricane season so that decisionmakers can adopt better policies in rebuilding a sustainable and healthy economic sector and, more broadly, the whole of Puerto Rico. The authors recommend a set of principles based on economic theory and provide courses of action included in the recovery plan compiled from their findings about pre storm conditions and trends and the input/observations of on-the-ground partners and stakeholders in the recovery effort.

Names

• Bond, Craig A. (Craig Andrew), author
• Strong, Aaron
• Smith, Troy D.
• Andrew, Megan
• Crown, John S.
• Edwards, Kathryn A.
• Gonzalez, Gabriella C., 1972-
• Gutierrez, Italo
• Kendrick, Lauren
• Luoto, Jill
• Pratt, Kyle
• Patel, Karishma
• Rothenberg, Alexander D.
• Stalczynski, Mark
• Tong, Patricia K.
• Zaber, Melanie A.
• Rand Corporation. Homeland Security Operational Analysis Center
• Rand Corporation
• United States. Federal Emergency Management Agency

Created / Published

• [Santa Monica, CA] : RAND Corporation , 2020.

Contents

• Introduction -- Part I: The Economic History of Puerto Rico -- Brief History of Economic Development in Puerto Rico -- Detailed Economic Pre storm Conditions and Trends in Puerto Rico -- Challenges to Economic Development in Puerto Rico -- Part II: Estimates of Economic Damage from Hurricanes Irma and Maria -- Methodology for Economic Damage Assessment Following Hurricanes Irma and Maria -- Economic Damage Assessment Following Hurricanes Irma and Maria -- Part III: Economic Recovery Options -- A Set of Principles for Public Investment Consistent with Economic Growth in Puerto Rico -- Potential Courses of Action for Economic Development in Puerto Rico Following Hurricanes Irma and Maria -- Conclusions -- Appendix A: Detailed Courses of Action -- Appendix B: Notes on Electricity Deregulation and Privatization -- Appendix C: Supplemental Information on the Jones Act -- Appendix D: Case Studies of Economic Growth -- Appendix E: Government Promotion of Entrepreneurship -- Appendix F: Recovery Spending and Impacts.

Headings

• -  Hurricane Irma, 2017
• -  Hurricane Maria, 2017
• -  Hurricane damage--Puerto Rico
• -  Puerto Rico--Economic conditions--21st century
• -  Economic history
• -  Hurricane damage
• -  Puerto Rico
• -  Hurricane Irma--(2017)
• -  Hurricane Maria--(2017)
• -  2000-2099

Notes

• -  "HSOAC, Homeland Security Operational Analysis Center."
• -  Also available on the Internet as a PDF file.
• -  Includes bibliographical references (pages 332-357).
• -  See also RAND/RR-2595-DHS, RAND/RR-2597-DHS, RAND/RR-2598-DHS, RAND/RR-2599-DHS, RAND/RR-2602-DHS, RAND/RR-2603-DHS, RAND/RR-2604-DHS, RAND/RR-2605, RAND/RR-2606-DHS, RAND/RR-2607-DHS, RAND/RR-2608-DHS, RAND/RR-2856-DHS, RAND/RR-2858-DHS, RAND/RR-2859-DHS, RAND/RR-2861-DHS, RAND/RR-3040-DHS, RAND/RR-3041-DHS, RAND/RR-3042-DHS.
• -  Description based on print version record; resource not viewed.

Medium

• 1 online resource (xxiv, 357 pages) : illustrations.

Call Number/Physical Location

• HV636 2017.P9

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2024739098

Library of Congress Control Number

• 2024739098

Rights Advisory

• This is non-restricted, fully open content that may be accessed on and off of the Library of Congress campus, with no restrictions, by an unlimited number of users

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2024739098

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record