2015 Fiscal Year Final Research Report
Natural Disasters and Economic Geography with Firm Heterogeneity
| Project/Area Number |
25780169
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Keio University |
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Principal Investigator |
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| Project Period (FY) |
2013-04-01 – 2016-03-31
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| Keywords | 自然災害 / 空間経済 / 国際貿易 / 企業の異質性 / 防災・減災対策 / 産業集積 / 経済ショック / 地域経済 |
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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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| Free Research Field |
経済学
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