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I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I … variability. The climate effect is larger that the weather effect …
Persistent link: https://www.econbiz.de/10013239329
emissions had changed the occurrence of specific extreme weather events, allows us to quantify the climate …-based method for calculating the costs of climate change from extreme weather differs fundamentally from other approaches to …Extreme weather events have significant adverse costs for individuals, firms, communities, regional, and national …
Persistent link: https://www.econbiz.de/10014242787
of temperature on land values using a flexible specification of daily mean temperature to test if there are temperature … threshold effects. Results indicate that there are no temperature thresholds beyond which agricultural land values suddenly drop …
Persistent link: https://www.econbiz.de/10012892286
empirically by drawing on methods from the household economics literature. The test results support the hypothesis that weather …We combine exogenous variation in temperature at the county-day level in the U.S. with daily time use data to examine … the effect of temperature on joint time use. We show that low temperatures reduce time spent with friends but increase …
Persistent link: https://www.econbiz.de/10014348099
negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to … simplify the GHKT model by modelling temperature as cumulative emissions and calibrating it to Burke et al. (2015) damages …. Finally, we consider how the rule for the optimal carbon price must be modified to allow for a temperature cap, and what this …
Persistent link: https://www.econbiz.de/10013225748
and uncertainty that is consistent with the Intergovernmental Panel on Climate Change’s sixth assessment report. We find … emissions in the near term. Our results provide insight into how a systematic incorporation of climate-related risk influences …
Persistent link: https://www.econbiz.de/10014255593
The increase in sea surface temperature (SST) is one of the primary consequences of climate change and has the …
Persistent link: https://www.econbiz.de/10012823563
There is limited public discourse and understanding about the history and science of weather and climate intervention … climate intervention with the aim of answering the question: Why aren’t more economists interested in evaluating weather and …, though scientists have researched, tested and implemented numerous methods of weather modification for six decades. Also …
Persistent link: https://www.econbiz.de/10012872068
The social rate of discount is a crucial driver of the social cost of carbon (SCC), i.e. the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits...
Persistent link: https://www.econbiz.de/10012827663
.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long …We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963 …-term moving-average historical norms (climate) to various state-specific economic performance indicators at the aggregate and …
Persistent link: https://www.econbiz.de/10013306954