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

Toshihiro Okubo; Eric Strobl

doi:10.1111/jors.12523

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

Toshihiro Okubo, Eric Strobl^*

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

45 Downloads (Pure)

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.

Original language	English
Pages (from-to)	944-970
Number of pages	27
Journal	Journal of Regional Science
Volume	61
Issue number	5
Early online date	2 Mar 2021
DOIs	https://doi.org/10.1111/jors.12523
Publication status	Published - Nov 2021

Bibliographical note

Publisher Copyright:
© 2021 Wiley Periodicals LLC

Keywords

firm growth
firm survival
flood
Nagoya City
typhoon

ASJC Scopus subject areas

Development
Environmental Science (miscellaneous)

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10.1111/jors.12523

OkuboT2021Natural
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Cite this

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

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

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