Enterprise Recovery Following Natural Disasters
利用面板数据和随机实验，研究了2004年海啸后斯里兰卡小微企业获得救济援助和资本对恢复的影响，发现资本获取不足会阻碍恢复，而随机获得拨款的企业利润恢复速度比其他受损企业快近两年。
Using unique, panel data and a randomised experiment, we assess the effects of relief aid and access to capital on the recovery of Sri Lankan microenterprises following the December 2004 tsunami. Our results show that a lack of access to capital inhibits the recovery process; firms receiving randomly allocated grants recover profit levels almost 2 years before other damaged firms. Access to capital is particularly important for the retail sector; the role of capital in recovery for manufacturing and services sectors may be limited by disruptions in supply chains. Our data show that business recovery is much slower than commonly assumed, underscoring the role targeted aid may play in hastening microenterprise recovery following such disasters.