For El Paso, Shooting's Impact Could Include The Economy
After the tragic events on Saturday in El Paso, residents continue to process the emotional impact. Unfortunately, the tragedy will also manifest itself economically, as those affected must return to work to feed their families.
Tom Fullerton a professor of economics at the University of Texas-El Paso says there is growing evidence that violent crime and terrorism affect economic activity.
“What it does is displace from one part of the metropolitan economy to another area,” Fullerton says. “In other words, shoppers will go where it’s safer to shop.”
He says the issue of economic impact becomes more complicated when an international boundary is involved. The shopping area where the shooting occurred attracts customers from both sides of the border.
Read more: https://www.texasstandard.org/stories/for-el-paso-shootings-impact-could-include-the-economy/