风暴中心:印度的公司和资本破坏

IF 5.7 1区经济学 Q1 ECONOMICS

Journal of Urban Economics Pub Date : 2023-03-01 DOI:10.1016/j.jue.2022.103529

Martino Pelli , Jeanne Tschopp , Natalia Bezmaternykh , Kodjovi M. Eklou

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引用次数: 0

摘要

与气候变化有关的灾害的数量和强度正在增加，发展中国家首当其冲。在这篇论文中，我们研究了印度企业对热带气旋的反应。利用1995年至2006年间的一组制造企业和美国国家海洋和大气管理局的气旋数据，我们发现平均气旋摧毁了一家企业2.2%的固定资产，并使其销售额下降3.1%。平均气旋的影响是暂时的，一年后就会消失。关注这些结果在企业和行业质量方面的异质性，我们还发现资本和销售额向表现更好的行业重新分配。在行业内，公司的质量只对销售的反应很重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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In the eye of the storm: Firms and capital destruction in India

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.

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来源期刊

Journal of Urban Economics Multiple-

CiteScore

10.60

自引率

4.80%

发文量

期刊介绍： The Journal of Urban Economics provides a focal point for the publication of research papers in the rapidly expanding field of urban economics. It publishes papers of great scholarly merit on a wide range of topics and employing a wide range of approaches to urban economics. The Journal welcomes papers that are theoretical or empirical, positive or normative. Although the Journal is not intended to be multidisciplinary, papers by noneconomists are welcome if they are of interest to economists. Brief Notes are also published if they lie within the purview of the Journal and if they contain new information, comment on published work, or new theoretical suggestions.