Postdisaster Subsidies for Small and Medium Firms: Insights for Effective Targeting
The paper examines the effects of the subsidies the government provided for SMEs after the Great East Japan Earthquake of 2011. It finds that these were effective in the retail sector but made no significant difference in the manufacturing and other service sectors. The results suggest that this difference arose from variations in the degree of private support across sectors rather than from variations in supply chain disruption.
- Estimation Strategy