Economics Expert Available to Discuss Oil Spill Fallout
June 18, 2010
Texas Tech business professor predicts national impact.
While every day, television and the Internet bombard the country with images of
oily birds and other creatures, vividly depicting the effects of the Deepwater Horizon
oil spill, other images are beginning to circulate – images of economic loss that
one Texas Tech University expert says is catastrophic and will have far-reaching effects
that will likely transmit to the nation as a whole.
Bradley Ewing, the Rawls Professor in Operations Management and area coordinator in Information
Systems & Quantitative Sciences in Texas Tech’s Rawls College of Business, is available
to discuss the economic impact of the Gulf disaster.
“On May 24, U.S. Department of Commerce Secretary Gary Locke declared a fishery disaster
in the Gulf of Mexico because of the economic impact of the spill,” Ewing said. “This
catastrophic event will have far-reaching and long-lasting economic impacts on Gulf
coast states that will likely transmit to a much broader region and to the nation
as a whole.”
Ewing expects that in the immediate term the Gulf region will experience problems
with business continuity and disruptions in the supply chain. Direct and secondary
impacts will hinder economic recovery while longer term impacts will depend in part
on the specifics of federal and state assistance.
“Research on economic resiliency and rate of recovery suggest that the process will
be slower for more-integrated and supply-chain dependent industries and that there
will be differential impacts for small vs. large businesses and rural vs. urban communities,”
Ewing can be reached at (806) 742-3939 or at email@example.com
. View his expert profile at http://experts.ttu.edu/browse/profile/375
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