Item Description
t seems like natural disasters should harm the economy by destroying lives and capital. This column investigates the extent to which disasters can lead to creative destruction through ‘natural selection’ of the fittest firms. Surprisingly, the rate of closure due to bankruptcy decreases – perhaps due to aid. Firm exits following the Tohoku earthquake were predominantly voluntary closures, with firms seizing the moment in order to leave an ageing market.
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34.7262714, 135.2345373
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34.7262714
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135.23453730000006
Location
34.7262714,135.23453730000006
Media Creator Username
KH
Media Creator Realname
KH
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Archive Once
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One Page
Language
English
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English Title
Disasters and firm exit: Lessons from the Tohoku earthquake | VOX, CEPR’s Policy Portal
English Description
t seems like natural disasters should harm the economy by destroying lives and capital. This column investigates the extent to which disasters can lead to creative destruction through ‘natural selection’ of the fittest firms. Surprisingly, the rate of closure due to bankruptcy decreases – perhaps due to aid. Firm exits following the Tohoku earthquake were predominantly voluntary closures, with firms seizing the moment in order to leave an ageing market.
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frequency | Once | scope | Page | email | | language | English|
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http://wayback.archive-it.org/2438/20110301000000/http://www.voxeu.org/article/disasters-and-firm-exit-lessons-tohoku-earthquake
Attribution URI
http://www.voxeu.org/article/disasters-and-firm-exit-lessons-tohoku-earthquake