In the Eye of the Storm Firms and Capital Destruction in India

Nopic
This paper examines the response of firms to capital destruction, using a new measure of firm exposure to tropical storms as a negative exogenous shock on firms’ capital stock. Drawing on a panel of Indian manufacturing firms between 1995 and 2006, we establish that, depending on their strength, storms destroy up to 75.3% of the fixed assets of... READ MORE...

Publication date: September 2020
ISBN 9781513554488
$18.00

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Publication date: September 2020

English