Front Matter Page
Institute for Capacity Development
Contents
1 Introduction
2 Data
2.1 Firm-level production data
2.2 Ranking of firms and industries
2.3 Storms
2.3.1 Identifying establishments
2.3.2 Storms
2.4 Other controls
3 Stylized facts
4 Adjustments across and within industries
4.1 Results
4.2 Robustness
5 A closer look at multi-ISIC firms
5.1 Entry and exit of firm-industry production lines
5.2 Shifts in firm industry mix
6 Capital Channel
6.1 Capital reconstruction
6.2 Capital intensity
7 Dynamics
8 Conclusions
A Appendix. Data
A.1 Product classification
A.2 Balassa computation
A.3 TFP computation
A.4 Night-lights data
B Appendix. Alternative Definitions of Storms
C Appendix. Tables
D Appendix: Figures
List of Figures
1 Comparative advantage and firm-industry sales by firm type
2 Firm distribution by number of establishments
3 Winds (wph, left panel) and Index of firms’ exposure to storms (Hfh, right panel), 1995–2006
4 Average TFP by firm type
5 Capital intensity – TFP at the 25th percentile
6 Capital intensity – TFP at the median
7 Capital intensity – TFP at the 75th percentile
D.1 Regression of the maximum Balassa by firm-year on firm-type fixed effects, pooled and within ISIC
D.2 Regression of firm-ISIC sales on firm-type fixed effects, pooled and within ISIC D.3 Marginal effect of a storm on sales
List of Tables
1 Firm type
2 Summary statistics
3 Stylized Facts
4 Stylized facts – long-term
5 Baseline – across and within industry effects
6 Robustness
7 Wind speeds at the pincode level, by month, 1995–2006
8 Placebo
9 Entry of industry lines
10 Exit of industry lines
11 Shifts in the industry mix of firms
12 Capital Channel
13 Long-term effect
C.1 Example of CMIE product code assignment to NIC Division 13 “Manufacture of textiles”
C.2 Capital destruction – robustness
C.3 Alternative definitions of the storm index
C.4 Placebo test, alternative randomization