In the eye of the storm
Firms and capital destruction in India
Bibliographic Data
| ID | 11080604 |
|---|---|
| Authors | Martino Pelli (0000-0003-2003-7911, Université de Sherbrooke, corresponding author), Jeanne Tschopp (0009-0007-5402-7988, University of Bern), Natalia Bezmaternykh (Toronto Metropolitan University), Kodjovi M Eklou, Kodjovi Eklou (0009-0004-1074-6399, International Monetary Fund) |
| Year | 2023 |
| Volume | 134 |
| Pages | 103529 |
| Publication date | 2023-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Urban Economics (JOURNAL) |
| Journal identifiers | ISSN: 0094-1190 • E-ISSN: 1095-9068 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.jue.2022.103529 |
| OpenAlex | W4316036267 |
| Language | EN |
| Citations received | 5 |
| References cited | 61 |
The number and strength of climate-change-related disasters is increasing, and developing countries are bearing most of the brunt. In this paper we study how firms react to tropical cyclones in India. Using a panel of manufacturing firms between 1995 and 2006 and cyclone data from the National Oceanic and Atmospheric Administration, we find that the average cyclone destroys 2.2% of a firm’s fixed assets and decreases its sales by 3.1%. The impacts of the average cyclone are temporary and disappear after one year. Focusing on the heterogeneity of these results by firm and industry quality, we also find that capital and sales reallocate toward better-performing industries. Within industry, firm quality only matters for the response of sales
Business · Capital (architecture · Cyclone (programming language · Economics · Geography · Meteorology · Panel data · Quality (philosophy · Storm · Tropical cyclone · Tropical cyclone scales · Agricultural risk and resilience · Disaster Management and Resilience · Engineering · Insurance and Financial Risk Management
Introduction to Emergency Management
Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
The Economic Impacts of Natural Disasters
Human contribution to the European heatwave of 2003
Identification Properties of Recent Production Function Estimators
Temperatures and cyclones strongly associated with economic production in the Caribbean and Central America
Prices, Markups, and Trade Reform
Environmental policies and productivity growth
Increasing destructiveness of tropical cyclones over the past 30 years
Institutional Quality and International Trade
Measuring Economic Growth from Outer Space
Changes in Tropical Cyclone Number, Duration, and Intensity in a Warming Environment
Do Natural Disasters Promote Long‐run Growth?
Estimating Production Functions Using Inputs to Control for Unobservables
The Dynamics of Productivity in the Telecommunications Equipment Industry
Global Warming Effects on U.S. Hurricane Damage
Storms and Jobs
The Economic Growth Impact of Hurricanes
Trade Liberalization and Firm Productivity
Catastrophic Natural Disasters and Economic Growth
Multiproduct Firms and Product Turnover in the Developing World
Taken by storm
Can natural disasters have positive consequences? Investigating the role of embodied technical change
Natural Disasters, Household Welfare, and Resilience
Impact of natural disasters on income inequality in Sri Lanka
The Household Response to Persistent Natural Disasters
Poverty and inequality impact of a natural disaster
Are External Shocks Responsible For The Instability Of Output In Low Income Countries
The macroeconomic consequences of disasters
The long-run impact of bombing Vietnam
The local impact of typhoons on economic activity in China
The effect of natural disasters on economic activity in US counties
Fiscal Policy, Specialization, and Trade in the Two-Sector Model
What Do We Learn from the Weather? The New Climate-Economy Literature
| Unique citing works | 5 |
|---|---|
| Citations per year | 1,25 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |