We quantified the physiological responses of black willow to four soil moisture regimes: no flooding (control, C), continuous flooding (CF), periodic flooding (PF), and periodic drought (PD). Stomatal limitation was one of the factors that led to the reduced photosynthetic capacity in CF cuttings. Under PD, stomatal closure, decreased leaf chlorophyll content, and increased dark fluorescence yield contributed to photosynthetic decline. CF cuttings accumulated the lowest shoot biomass while the final height and root growth were most adversely affected by PD. PF cuttings tended to allocate more photoassimilates to root growth than to shoots. and S. Li ... [et al.].