Productive disasters? Evidence from European firm level data
This paper examines the impact of floods on firms' capital accumulation, employment growth and productivity by using a difference-in-difference approach and considering firms' asset structure. We find evidence that companies in flooding regions show higher growth of total assets and employment than firms in areas which did not face a flooding. This positive effect is even more pronounced for companies with larger shares of intangible assets. Regarding the firms' productivity a significantly negative flood effect is observable which declines with increasing share of intangible assets.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
| Length: | 29 |
| Date of creation: | |
| Handle: | RePEc:inn:wpaper:2007-25 |
| Contact details of provider: | Postal: Universitätsstraße 15, A - 6020 Innsbruck Phone: 0512/507-7151 Fax: 0512/507-2788 Web page: http://www.uibk.ac.at/fakultaeten/volkswirtschaft_und_statistik/index.html.en Email: More information through EDIRC
|
No references listed on IDEAS
You can help add them by filling out this form.