Showing 1 - 10 of 5,258
heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in …
Persistent link: https://www.econbiz.de/10013307376
sets of results. First, we calculate lower bounds on the minimax risk for estimating the regression function at (i) a point … achieves the optimal rates suggested by our risk bounds when an appropriate bandwidth sequence is chosen. This optimal rate …
Persistent link: https://www.econbiz.de/10014347179
. Using within-county variation in weather, we estimate the effect of daily temperature on annual income in United States …
Persistent link: https://www.econbiz.de/10013040229
future weather outcomes. We compare these market expectations to climate model output for the years 2002 to 2018 as well as … observed weather station data across eight cities in the US. All datasets show statistically significant and comparable warming … trends. Nonparametric estimates suggest that trends in weather markets follow climate model predictions and are not based on …
Persistent link: https://www.econbiz.de/10012892571
historic data on weather, climate, economic activity and other variables. This has been an active area of research for several … long-run) estimated, the type of weather or climate variation used, and the pros and cons of the approach …
Persistent link: https://www.econbiz.de/10012893130
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10013077650
I formally relate the consequences of climate change to the time series variation in weather extensively explored by … reduced-form weather regressions in more general environments. Applying this new method, I find that an additional 2°C of …
Persistent link: https://www.econbiz.de/10012911468
We investigate the long-run effects of cooling on conflict. We construct a geo-referenced and digitized database of conflicts in Europe, North Africa, and the Near East from 1400-1900, which we merge with historical temperature data. We show that cooling is associated with increased conflict....
Persistent link: https://www.econbiz.de/10013224365
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of humans to...
Persistent link: https://www.econbiz.de/10012907746
Value at Risk has become the standard measure of market risk employed by financial institutions for both internal and … methodologies developed so far give satisfactory solutions. Interpreting Value at Risk as a quantile of future portfolio values … conditional on current information, we propose a new approach to quantile estimation which does not require any of the extreme …
Persistent link: https://www.econbiz.de/10013218406