Natural disasters and spatial heterogeneity in damages: the birth, life and death of manufacturing plants
Abstract
In this paper, we use the 1995 Kobe earthquake as a natural experiment to examine the impact of a large exogenous physical shock on local economic activity. For the first time we are able to control for local spatial heterogeneity in the damage caused by a natural disaster using geo-coded plant location and unique building-level surveys. In a survival analysis of manufacturing plants, our results show that building-level damage significantly...
Paper Details
Title
Natural disasters and spatial heterogeneity in damages: the birth, life and death of manufacturing plants
Published Date
Nov 10, 2017
Volume
19
Issue
2
Pages
373 - 408
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