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

Toshihiro Okubo, Eric Strobl

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
JournalJournal of Regional Science
DOIs
Publication statusAccepted/In press - 2021

Keywords

  • firm growth
  • firm survival
  • flood
  • Nagoya City
  • typhoon

ASJC Scopus subject areas

  • Development
  • Environmental Science (miscellaneous)

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