Pelli, Martino; Tschopp, Jeanne; Bezmaternykh, Natalia; Eklou, Kodjovi M. (2023). In the eye of the storm: Firms and capital destruction in India. Journal of urban economics, 134, p. 103529. Elsevier 10.1016/j.jue.2022.103529
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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.
Item Type: |
Journal Article (Original Article) |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics |
UniBE Contributor: |
Tschopp, Jeanne |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
ISSN: |
0094-1190 |
Publisher: |
Elsevier |
Language: |
English |
Submitter: |
Julia Alexandra Schlosser |
Date Deposited: |
29 Nov 2023 15:19 |
Last Modified: |
03 Dec 2023 02:31 |
Publisher DOI: |
10.1016/j.jue.2022.103529 |
BORIS DOI: |
10.48350/189410 |
URI: |
https://boris.unibe.ch/id/eprint/189410 |
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