Jia, Ruixue; Ma, Xiao; Xie, Victoria Wenxin - National Bureau of Economic Research - 2022
Flood events and flood risk have been increasing in the past few decades and have important consequences for the … flood risk has a large negative impact on firm entry, employment, and output in the long run; and (2) flood events reduce … a spatial equilibrium model to characterize how flood risk shapes firms' location choices and workers' employment, which …
