Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/268711 
Year of Publication: 
2023
Series/Report no.: 
ifo Working Paper No. 389
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
We quantify the impact of large flooding events on the plant-level trade of manufacturing firms in China. Constructing a panel data set of more than 685,000 geolocated plants and provincial city and county measures of flooding events derived from precise geolocated monthly flood areas, we show that the impact on production facilities can be considerable, although relatively short-lived. While the number of exporting plants remains below its pre-flood level for at least 12 months, the effect on the distribution of exporter market scope, on the average exporter scale or the sales distribution of plants vanish within a year. Privately owned plants are hit harder than state-owned enterprises, as they continuously produce fewer products, while their export value recovers. Producing products covered by the Chinese Communist's Party five-year plan tends to insulate firms against the negative effects of floods.
Subjects: 
China
trade
firm heterogeneity
natural disasters
JEL: 
F14
F18
Q54
Document Type: 
Working Paper

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