Tarikua Erda
@tarikuaerda.bsky.social
Postdoc at NYU Stern, incoming Assistant Professor of Finance at Stern-NYU Abu Dhabi
Interests: labor, environment, entrepreneurship & innovation.
www.tarikuaerda.com
Interests: labor, environment, entrepreneurship & innovation.
www.tarikuaerda.com
Thank you so much!!
April 9, 2025 at 3:24 AM
Thank you so much!!
Thank you, Belinda!!
April 8, 2025 at 1:41 PM
Thank you, Belinda!!
Thanks also to my husband, family, and friends for cheering me on at every step of this process, and of course, to my lab RA, Mechal 🐶, for outstanding moral sup-pawt ☺️
March 31, 2025 at 3:31 PM
Thanks also to my husband, family, and friends for cheering me on at every step of this process, and of course, to my lab RA, Mechal 🐶, for outstanding moral sup-pawt ☺️
Super grateful for my advisors–– @econsandy.bsky.social, Jeff Shrader, Suresh Naidu, Xavier Giroud––for their incredible support! Special thanks to @rmetcalfe.bsky.social (placement officer) + many faculty, mentors, & collaborators @ Columbia, Chicago Fed, and beyond for feedback and encouragement.
March 31, 2025 at 3:31 PM
Super grateful for my advisors–– @econsandy.bsky.social, Jeff Shrader, Suresh Naidu, Xavier Giroud––for their incredible support! Special thanks to @rmetcalfe.bsky.social (placement officer) + many faculty, mentors, & collaborators @ Columbia, Chicago Fed, and beyond for feedback and encouragement.
Huge thanks to all the orgs who made the survey design and launch possible–Chicago Fed (esp Thomas Walstrum), Wisconsin Center for Manufacturing and Productivity, NIST Manufacturing Extension Partnerships, and Center for Industrial Research and Service at Iowa State U
December 5, 2024 at 1:48 PM
Huge thanks to all the orgs who made the survey design and launch possible–Chicago Fed (esp Thomas Walstrum), Wisconsin Center for Manufacturing and Productivity, NIST Manufacturing Extension Partnerships, and Center for Industrial Research and Service at Iowa State U
This qualitative survey complements (and corroborates) the main findings from my quantitative analyses in my #EconJMP: federal disaster spending expands firms’ financing access, revitalizes regional economies
My JMP shows: gov't disaster spending revitalizes local economies by facilitating capital replacement and reallocation
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
December 5, 2024 at 1:48 PM
This qualitative survey complements (and corroborates) the main findings from my quantitative analyses in my #EconJMP: federal disaster spending expands firms’ financing access, revitalizes regional economies
TL;DR: Firms say financing barriers + uncertainty about value-add of new tech hold them back from upgrading machinery
But if an unexpected major flood forced them to rebuild *and* they had access to insurance & gov't loans, they would use it as an "opportunity to modernize"
But if an unexpected major flood forced them to rebuild *and* they had access to insurance & gov't loans, they would use it as an "opportunity to modernize"
December 5, 2024 at 1:48 PM
TL;DR: Firms say financing barriers + uncertainty about value-add of new tech hold them back from upgrading machinery
But if an unexpected major flood forced them to rebuild *and* they had access to insurance & gov't loans, they would use it as an "opportunity to modernize"
But if an unexpected major flood forced them to rebuild *and* they had access to insurance & gov't loans, they would use it as an "opportunity to modernize"
Super excited about the research agenda I’m building on climate change, productivity, and the role of gov’t spending by using novel, high-quality data sources
In other papers, I also study labor market frictions like discrimination & info asymmetry. Check those out here:
tarikuaerda.com
11/11 🧵✅
In other papers, I also study labor market frictions like discrimination & info asymmetry. Check those out here:
tarikuaerda.com
11/11 🧵✅
Tarikua Erda · PhD Candidate, Columbia University
PhD Candidate, Columbia University
tarikuaerda.com
December 4, 2024 at 1:49 PM
Super excited about the research agenda I’m building on climate change, productivity, and the role of gov’t spending by using novel, high-quality data sources
In other papers, I also study labor market frictions like discrimination & info asymmetry. Check those out here:
tarikuaerda.com
11/11 🧵✅
In other papers, I also study labor market frictions like discrimination & info asymmetry. Check those out here:
tarikuaerda.com
11/11 🧵✅
I’m currently surveying manufacturing firms in the US to complement my analyses with Census data, esp to learn more about their incentives and barriers for investment + experiences with natural disasters and climate adaptation
10/n
10/n
December 4, 2024 at 1:49 PM
I’m currently surveying manufacturing firms in the US to complement my analyses with Census data, esp to learn more about their incentives and barriers for investment + experiences with natural disasters and climate adaptation
10/n
10/n
My JMP shows: gov't disaster spending revitalizes local economies by facilitating capital replacement and reallocation
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
December 4, 2024 at 1:49 PM
My JMP shows: gov't disaster spending revitalizes local economies by facilitating capital replacement and reallocation
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
Does this mean disasters are 'good'? NO! But *if* they happen, gov’t spending is critical for recovery ➡️ a timely policy insight as climate change intensifies disaster risk
9/n
This is consistent with my prior paper on post-disaster bank-lending, which shows that gov't disaster spending (indirectly) expands small/young firms access to bank credit, in turn, supporting job creation and wage recovery in flooded regions
tarikuaerda.com/resources/pa...
8/n
tarikuaerda.com/resources/pa...
8/n
December 4, 2024 at 1:49 PM
This is consistent with my prior paper on post-disaster bank-lending, which shows that gov't disaster spending (indirectly) expands small/young firms access to bank credit, in turn, supporting job creation and wage recovery in flooded regions
tarikuaerda.com/resources/pa...
8/n
tarikuaerda.com/resources/pa...
8/n
Key mechanism: federal disaster spending facilitates access to financing: smaller firms, which normally face more credit barriers relative to larger ones, actually invest more after flooding and see higher productivity gains
7/n
7/n
December 4, 2024 at 1:49 PM
Key mechanism: federal disaster spending facilitates access to financing: smaller firms, which normally face more credit barriers relative to larger ones, actually invest more after flooding and see higher productivity gains
7/n
7/n
Bottomline: physical capital adjusts relatively quickly and productively after flooding
▶️ surviving plants build back better
▶️ used machinery is reallocated from less to more productive firms (including from less productive exiters to viable entrants)
These factors ⬆️ aggregate productivity
6/n
▶️ surviving plants build back better
▶️ used machinery is reallocated from less to more productive firms (including from less productive exiters to viable entrants)
These factors ⬆️ aggregate productivity
6/n
December 4, 2024 at 1:49 PM
Bottomline: physical capital adjusts relatively quickly and productively after flooding
▶️ surviving plants build back better
▶️ used machinery is reallocated from less to more productive firms (including from less productive exiters to viable entrants)
These factors ⬆️ aggregate productivity
6/n
▶️ surviving plants build back better
▶️ used machinery is reallocated from less to more productive firms (including from less productive exiters to viable entrants)
These factors ⬆️ aggregate productivity
6/n
3⃣ As exiters sell off their assets and survivors upgrade, local entrants and young plants acquire more second-hand capital and build up their capacity
Figure shows: after flooding, investment share in brand new capital ⬆️ among older plants but ⬇️ among younger ones
5/n
Figure shows: after flooding, investment share in brand new capital ⬆️ among older plants but ⬇️ among younger ones
5/n
December 4, 2024 at 1:49 PM
3⃣ As exiters sell off their assets and survivors upgrade, local entrants and young plants acquire more second-hand capital and build up their capacity
Figure shows: after flooding, investment share in brand new capital ⬆️ among older plants but ⬇️ among younger ones
5/n
Figure shows: after flooding, investment share in brand new capital ⬆️ among older plants but ⬇️ among younger ones
5/n
I show 3 key findings:
1⃣ Plant exit rates rise after flooding, especially for the least productive plants
2⃣ Survivors sell/scrap their capital (see figure). Then they invest in replacement machines and see 4.5% higher labor productivity, suggesting they adopt better tech as they rebuild
4/n
1⃣ Plant exit rates rise after flooding, especially for the least productive plants
2⃣ Survivors sell/scrap their capital (see figure). Then they invest in replacement machines and see 4.5% higher labor productivity, suggesting they adopt better tech as they rebuild
4/n
December 4, 2024 at 1:49 PM
I show 3 key findings:
1⃣ Plant exit rates rise after flooding, especially for the least productive plants
2⃣ Survivors sell/scrap their capital (see figure). Then they invest in replacement machines and see 4.5% higher labor productivity, suggesting they adopt better tech as they rebuild
4/n
1⃣ Plant exit rates rise after flooding, especially for the least productive plants
2⃣ Survivors sell/scrap their capital (see figure). Then they invest in replacement machines and see 4.5% higher labor productivity, suggesting they adopt better tech as they rebuild
4/n
I use an event study design + confidential plant-level US Census Bureau data with rich info on plants’ productivity + capital stock, investments, & scrapping (eg see pic from 1982 survey). I cover >340 federally-declared major floods 1977-2017
3/n
3/n
December 4, 2024 at 1:49 PM
I use an event study design + confidential plant-level US Census Bureau data with rich info on plants’ productivity + capital stock, investments, & scrapping (eg see pic from 1982 survey). I cover >340 federally-declared major floods 1977-2017
3/n
3/n
My paper addresses a long-standing question in climate economics on the impact of climate change on physical capital (e.g., machines, bldgs).
Early models predicted: rigidity of physical capital would delay responses to rapid weather shocks, amplifying climate damages. I test this empirically
2/n
Early models predicted: rigidity of physical capital would delay responses to rapid weather shocks, amplifying climate damages. I test this empirically
2/n
December 4, 2024 at 1:49 PM
My paper addresses a long-standing question in climate economics on the impact of climate change on physical capital (e.g., machines, bldgs).
Early models predicted: rigidity of physical capital would delay responses to rapid weather shocks, amplifying climate damages. I test this empirically
2/n
Early models predicted: rigidity of physical capital would delay responses to rapid weather shocks, amplifying climate damages. I test this empirically
2/n