Indaco, Agustín; Ortega, Francesc; Taṣpınar, Süleyman - 2019
This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic … suffered damage, along with higher exit rates. The persistence of the effects is consistent with an upward revision of flood …-risk beliefs triggered by the hurricane. These findings suggest that businesses are adapting to the higher flood-risk environment …