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Temperature and Local Industry Concentration
Ponticelli, Jacopo; Xu, Qiping; Zeume, Stefan - National Bureau of Economic Research - 2023
We use plant-level data from the US Census of Manufacturers to study the short and long run effects of temperature on manufacturing activity. We document that temperature shocks significantly increase energy costs and lower the productivity of small manufacturing plants, while large plants are...
Persistent link: https://www.econbiz.de/10014337767
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Game, Sweat, Match : Temperature and Elite Worker Productivity
Burke, Marshall; Tanutama, Vincent; Heft-Neal, Sam; … - National Bureau of Economic Research - 2023
will impact the economy, and these impacts could help explain broader observed relationships between temperature and … total economic output in wealthy nations, productivity is hard to measure and thus climate impacts hard to quantify. We …, and temperature impacts do not appear to offer profitable arbitrage opportunities …
Persistent link: https://www.econbiz.de/10014337882
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Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution
Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023
We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with coal, natural gas, or clean sources and the direction of technology is endogenous. In the short run, a natural gas boom reduces carbon emissions by inducing substitution away...
Persistent link: https://www.econbiz.de/10014372414
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Quantifying Climate Change Loss and Damage Consistent with a Social Cost of Greenhouse Gases
Burke, Marshall; Zahid, Mustafa; Diffenbaugh, Noah; … - National Bureau of Economic Research - 2023
climate impacts with specific emissions, including in recent international policy discussion of Loss and Damage (L&D). However …
Persistent link: https://www.econbiz.de/10014372415
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Forest Fires : Why The Large Year-to-Year Variation in Forests Burned?
Apt, Jerome; Epple, Dennis N.; Sowell, Fallaw - National Bureau of Economic Research - 2023
Quantifying factors giving rise to temporal variation in forest fires is important for advancing scientific understanding and improving fire prevention. We demonstrate that eighty percent of the large year-to-year variation in forest area burned in California can be accounted for by variation in...
Persistent link: https://www.econbiz.de/10014372495
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Temperature Extremes Impact Mortality and Morbidity Differently
Gould, Carlos F.; Heft-Neal, Sam; Heaney, Alexandra K.; … - National Bureau of Economic Research - 2024
findings suggest that projected impacts of future warming on mortality, including benefits in many areas, might be a poor guide … for morbidity impacts …
Persistent link: https://www.econbiz.de/10014512049
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Climate Change Economics over Time and Space
Desmet, Klaus; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2024
With average temperature ranging from -20°C at the North Pole to 30°C at the Equator and with global warming expected to reach 1.4°C to 4.5°C by the year 2100, it is clear that climate change will have vastly different effects across the globe. Given the abundance of land in northern...
Persistent link: https://www.econbiz.de/10014512051
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Decarbonizing Aviation : Cash-for-Clunkers in the Airline Industry
Brueckner, Jan K.; Kahn, Matthew E.; Nickelsburg, Jerry - National Bureau of Economic Research - 2024
The durability of the transportation capital stock slows down the pace of decarbonization since newer vintages feature cutting-edge technology. If older vintages were to be retired sooner, the social cost of travel would decline. This paper analyzes and explores the viability of a potential...
Persistent link: https://www.econbiz.de/10014512059
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Weathering the Storm : Supply Chains and Climate Risk
Castro-Vincenzi, Juanma; Khanna, Gaurav; Morales, Nicolas; … - National Bureau of Economic Research - 2024
We characterize how firms structure supply chains under climate risk. Using new data on the universe of firm-to-firm transactions from an Indian state, we show that firms diversify sourcing locations, and suppliers exposed to climate risk charge lower prices. Our event-study analysis finds that...
Persistent link: https://www.econbiz.de/10014512072
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Adaptation Using Financial Markets : Climate Risk Diversification through Securitization
Kahn, Matthew E.; Ouazad, Amine; Yönder, Erkan - National Bureau of Economic Research - 2024
In the face of rising climate risk, financial institutions may adapt by transferring such risk to securitizers that have the skill and expertise to build diversified pools, such as Mortgage-Backed Securities. In diversified pools, exposure to climate risk may be a drop in the ocean of cash...
Persistent link: https://www.econbiz.de/10014512098