Showing 1 - 10 of 315
The received wisdom is that the devastation wrought by the 1995 Kobe earthquake did not have any long-term impact on … the Japanese economy, nor much impact on Kobe itself. We re-evaluate the evidence using a new methodology, synthetic … control, and find a persistent and still continuing adverse impact of the quake on the economy of Kobe more than 15 years …
Persistent link: https://www.econbiz.de/10010539105
Japan's most powerful known earthquake struck at 2:46p.m. on Friday, March 11, 2011. We study the unusual trading …, purchases were significantly less than sales in the week after the earthquake. Foreign investors typically show positive … feedback and momentum trading patterns. However, in the week after the earthquake, they seemed to have stabilized the Japanese …
Persistent link: https://www.econbiz.de/10010729570
devastating earthquake, the Greeat Tohoku Earthquake, we examine the impact of firm efficiency on firm exit both inside and … outside the earthquake-affected areas. We find evidence suggesting that more efficeint firms are less likely to exit both … mechanism is weaker for those firms whose main banks were damaged by the earthquake, which suggests that damage to banks weakens …
Persistent link: https://www.econbiz.de/10010841149
the 1995 Kobe earthquake on the survival of manufacturing plants, their post-earthquake economic performance, and the …In recent years, natural disasters from Hurricane Katrina to the Fukushima earthquake have grabbed the attention of the … time the actual damage to the building where each plant was located at the time of the earthquake. Including plant and …
Persistent link: https://www.econbiz.de/10010860472
using a unique data set of more than 84,000 firms after the Great Tohoku Earthquake, we examine the impact of firm … efficiency on firm bankruptcy both inside and outside the earthquake-affected areas. We find that more efficient firms are less …. However, we also find that firms located inside the earthquake-affected areas are less likely to go bankrupt than those …
Persistent link: https://www.econbiz.de/10010929772
Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper examines the vulnerability of Belize's public finance to the occurrence of...
Persistent link: https://www.econbiz.de/10005599214
Each year natural disasters affect about 200 million people and cause about $50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be far higher in developing countries than in advanced...
Persistent link: https://www.econbiz.de/10005605190
Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to continue to increase, and bear especially heavily on...
Persistent link: https://www.econbiz.de/10005825906
The two major earthquakes which struck northwestern Turkey in 1999, caused enormous amounts of death and destruction, and exposed rampant government corruption involving construction and zoning code violations, as a factor magnifying the disaster. The opposition parties and one of the incumbent...
Persistent link: https://www.econbiz.de/10009646025
This paper studies the impact of the 1999 Colombian Earthquake on child nutrition and schooling. The identification … strategy combines household survey data with event data on the timing and location of the earthquake, exploiting the exogenous … exposure of children to the shock. The paper uniquely identifies both the short- and medium-term impacts of the earthquake …
Persistent link: https://www.econbiz.de/10009649818