| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2015: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
The aim of this research project is to investigate how natural disasters do damage to firms and industrial clusters and how firms recover from damage. Using theory of international trade and economic geography as well as econometrics with micro-data, we investigate the impact of natural disasters on industrial clusters and firms. As a result, we find that building damage significantly increases the probability of exit and bankruptcy and that industrial cluster has cannibalization effect due to severe competition. On the other hand, firms’ pre-disaster activities and cooperation significantly contribute to their recovery. We also find how resilient production networks are against negative shocks. Furthermore, regional banks and historical banking structure sometimes help firm recover quickly.
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