Natural disasters, firm survival, and growth: Evidence from the Ise Bay Typhoon, Japan

Toshihiro Okubo and Eric Strobl ()

Journal of Regional Science, 2021, vol. 61, issue 5, 944-970

Abstract: This paper investigates the damage impact of the 1959 Ise Bay Typhoon on firm survival and survivor performance in Nagoya City, Japan. We combine firm‐level data with a local damage proxy storm surge‐induced flooding. We find that firms in retail and wholesale were less and those in manufacturing more likely to survive after being flooding. There was some evidence of spillover effects from nearby regions on firm exit. Surviving firm performance was heterogeneous across sectors in that some (manufacturing and construction) upgraded and others (retail and wholesale) their capital. Indirect impacts from nearby regions were both positive and negative, contingent on the sector of operation.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://doi.org/10.1111/jors.12523

Related works:
Working Paper: Natural Disasters, Firm Survival and Growth: Evidence from the Ise Bay Typhoon, Japan (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:61:y:2021:i:5:p:944-970

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0022-4146

Access Statistics for this article

Journal of Regional Science is currently edited by Marlon G. Boarnet, Matthew Kahn and Mark D. Partridge

More articles in Journal of Regional Science from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().