Jia, Ruixue; Ma, Xiao; Xie, Victoria Wenxin - National Bureau of Economic Research - 2022
flood risk has a large negative impact on firm entry, employment, and output in the long run; and (2) flood events reduce … output in the short run while their impact on firm entry and employment is limited. Motivated by these findings, we construct … we use to estimate the aggregate impact of increased flood risk on the economy. We find that flood risk reduced U …