Hurricanes, flood risk and the economic adaptation of businesses

Fil: Indaco, Agustín. Universidad de San Andrés. Departamento de Economía; Argentina.

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Detalles Bibliográficos
Autor principal: Indaco, Agustín
Otros Autores: Ortega, Francesc
Formato: Tesis Tesis de maestría updatedVersion
Lenguaje:Inglés
Publicado: Universidad de San Andrés. Departamento de Economía 8/18
Acceso en línea:http://hdl.handle.net/10908/18466
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Repositorio Digital - Universidad de San Andrés (UdeSa) de Universidad de San Andrés
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spelling I37-R143-10908-184662025-01-29T16:33:15Z Hurricanes, flood risk and the economic adaptation of businesses Indaco, Agustín Ortega, Francesc Fil: Indaco, Agustín. Universidad de San Andrés. Departamento de Economía; Argentina. This paper argues that increases in perceived flood risk entail a negative and persistent shock to local economic activity. Our analysis is based on a rich administrative dataset that contains all business establishments in New York City around the time of hurricane Sandy. Our data also identifies exactly which buildings suffered flooding-related damage due to the hurricane. We find evidence of a persistent reduction in the employment and wage income of establishments that 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 by shifting operations toward safer areas. This adjustment process may mitigate the city-wide costs associated to sea-level rise. 8/18/2021 17:53Z 8/18/2021 17:53Z 2019-10 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion Indaco, A. (2019). Hurricanes, flood risk and the economic adaptation of businesses. [Tesis de maestría, Universidad de San Andrés. Departamento de Economía]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/18466 http://hdl.handle.net/10908/18466 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía
institution Universidad de San Andrés
institution_str I-37
repository_str R-143
collection Repositorio Digital - Universidad de San Andrés (UdeSa)
language Inglés
description Fil: Indaco, Agustín. Universidad de San Andrés. Departamento de Economía; Argentina.
author2 Ortega, Francesc
author_facet Ortega, Francesc
Indaco, Agustín
format Tesis
Tesis de maestría
Tesis de maestría
updatedVersion
author Indaco, Agustín
spellingShingle Indaco, Agustín
Hurricanes, flood risk and the economic adaptation of businesses
author_sort Indaco, Agustín
title Hurricanes, flood risk and the economic adaptation of businesses
title_short Hurricanes, flood risk and the economic adaptation of businesses
title_full Hurricanes, flood risk and the economic adaptation of businesses
title_fullStr Hurricanes, flood risk and the economic adaptation of businesses
title_full_unstemmed Hurricanes, flood risk and the economic adaptation of businesses
title_sort hurricanes, flood risk and the economic adaptation of businesses
publisher Universidad de San Andrés. Departamento de Economía
publishDate 8/18
url http://hdl.handle.net/10908/18466
work_keys_str_mv AT indacoagustin hurricanesfloodriskandtheeconomicadaptationofbusinesses
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