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The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the monthly time series is contaminated by many noisy components like seasonal variations, calendar and vacation effects. Only part of those nuisance components are explicitly...
Persistent link: https://www.econbiz.de/10011514105
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10011409368
This paper evaluates the relative importance of natural and human factors in shaping public awareness of climate change. I compare the predictive efficacy of natural factors, represented by air temperature deviations from historical norms, and human factors, encompassing noteworthy political...
Persistent link: https://www.econbiz.de/10014464159
This paper adopts an instrumental variable approach to uncover the impact of variations in minimum temperature on emergence and severity of actual violence through the effect on food availability, captured by rice crops per capita. The link between increase in minimum temperature and rice crops...
Persistent link: https://www.econbiz.de/10010250125
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 … in both rich and poor countries; positively in cold countries and negatively in hot ones. Weather anomalies reduce …
Persistent link: https://www.econbiz.de/10012486667
The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and … emerging risks of extreme weather events, in particular, droughts and high temperatures, for the German power sector. Our … extreme weather events will aggravate the observed problem, especially with respect to the transition of the power sector. …
Persistent link: https://www.econbiz.de/10012299466
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect 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...
Persistent link: https://www.econbiz.de/10011922161
There is limited public discourse and understanding about the history and science of weather and climate intervention …, though scientists have researched, tested and implemented numerous methods of weather modification for six decades. Also … change and associated increasing occurrence of extreme weather events, there has not been a more providential moment to …
Persistent link: https://www.econbiz.de/10011996039
vulnerable than richer ones. A meta-analysis of the impact of weather shocks reveals that studies, which relate economic growth … implied by studies of the impact of climate change is close to the growth impact estimated as a function of weather shocks …
Persistent link: https://www.econbiz.de/10013362448
This paper finds that global temperature anomalies are characterised by (temporary) explosiveness, a statistical feature typically found in financial and commodity market data during episodes of extreme price increases. This finding dramatically illustrates the extent temperature changes have...
Persistent link: https://www.econbiz.de/10014382935