Publication:
Firm Adaptation to Climate Risk in the Developing World

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dc.contributor.authorGrover, Arti
dc.contributor.authorKahn, Matthew E.
dc.date.accessioned2024-06-11T15:24:50Z
dc.date.available2024-06-11T15:24:50Z
dc.date.issued2024-06-11
dc.description.abstractHow firms in the developing world adapt to changes in weather extremes will play a key role in determining their nation’s economic growth. This survey of the recent microeconomics adaptation literature suggests that although firm competitiveness is negatively affected by weather events, firms may bounce back better under certain conditions. The adaptation and resilience of firms to climate change depend on their capabilities, the available information on risks, and the depth of insurance and financial markets. As real-time weather forecasting improves, firms are better informed about these risks and this affects their decisions regarding their location, production, and configuration of supply chains. A firm’s resilience also depends on the quality of public investment in infrastructure and the social safety net. Understanding that market frictions can slow the pace of adaptation, the paper concludes with some insights on the options available to policy makers.en
dc.identifierhttp://documents.worldbank.org/curated/en/099719406102476334/IDU12b6d6c4e17fb914086186ec1abcb0708f1c0
dc.identifier.doi10.1596/1813-9450-10797
dc.identifier.urihttps://hdl.handle.net/10986/41688
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10797
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCLIMATE CHANGE
dc.subjectFIRMS
dc.subjectRESILIENCE
dc.subjectADAPTATION
dc.subjectCLIMATE ACTION
dc.subjectSDG 13
dc.subjectECONOMIC SHOCKS AND VULNERABILITY
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.subjectINDUSTRY, INNOVATION AND INFRASTRUCTURE
dc.subjectSDG 9
dc.titleFirm Adaptation to Climate Risk in the Developing Worlden
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleFirm Adaptation to Climate Risk in the Developing World
okr.date.disclosure2024-06-11
okr.date.lastmodified2024-06-10T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099719406102476334/IDU12b6d6c4e17fb914086186ec1abcb0708f1c0
okr.guid099719406102476334
okr.identifier.docmidIDU-2b6d6c4e-7fb9-4086-86ec-abcb0708f1c0
okr.identifier.doi10.1596/1813-9450-10797
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10797
okr.identifier.externaldocumentum34338314
okr.identifier.internaldocumentum34338314
okr.identifier.reportWPS10797
okr.import.id4429
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099719406102476334/pdf/IDU12b6d6c4e17fb914086186ec1abcb0708f1c0.pdfen
okr.region.geographicalWorld
okr.sectorOther Industry, Trade and Services
okr.themeData production, accessibility and use,Entrepreneurship,Data Development and Capacity Building,Economic Policy,Green Growth,Economic Growth and Planning,Environment and Natural Resource Management,Enterprise Development,Private Sector Development,Public Sector Management,Climate change,Business Enabling Environment
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Climate Change Impacts
okr.topicInfrastructure Economics and Finance::Infrastructure Finance
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitEFI-FCI-TIC-Investment Climate (ETIIC)
okr.unitIFC
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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