Graduation Year

2016

Date of Submission

12-2015

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Manfred Keil

Rights Information

© 2015 Katherine J Savard

Abstract

This thesis attempts to analyze the impact of disaster capitalism on the areas affected by the Great Flood of 1993. Using Naomi Klein’s book, the Shock Doctrine, I selected three variables that can be indicators of disaster capitalism. Unemployment rates, new private housing units authorized by permit, and employment in the mining, logging, and construction industry are used. I use a comparison of means test and a difference-in- differences estimate to find if the variables were changed as a result of the flood. Unemployment rates seemed to be affected by the crisis and strongly support Klein’s theories of disaster capitalism.

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