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The Economic Origins of Conflict in Africa

McGuirk, Eoin - 2017

We study the impact of plausibly exogenous global food price shocks on local violence across the African continent. In food-producing areas, higher food prices reduce conflict over the control of territory (what we call "factor conflict") and increase conflict over the appropriation of surplus...

Persistent link: https://www.econbiz.de/10012455624

The Supply-Shock Explanation of the Great Stagflation Revisited

Blinder, Alan S. - 2008

well-known "supply-shock" explanation attributes both spikes to large food and energy shocks plus, in the case of 1973 … policy and (b) pointed to the far smaller impacts of more recent oil shocks as evidence against the supply-shock explanation …, and new econometric studies that have accumulated over the past quarter century. We find that the classic supply-shock …

Persistent link: https://www.econbiz.de/10012464085

Corn Production Shocks in 2012 and Beyond : Implications for Food Price Volatility

Berry, Steven T. - 2012

Corn prices increased sharply in the summer of 2012 due to expected production shortfalls in the United States, which produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical models of county-level corn yields in the Eastern...

Persistent link: https://www.econbiz.de/10012460001

Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families

Bhattacharya, Jayanta - 2002

We examine the effects of cold weather periods on family budgets and on nutritional outcomes in poor American families. Expenditures on food and home fuels are tracked by linking the Consumer Expenditure Survey to temperature data. Using the Third National Health and Nutrition Examination...

Persistent link: https://www.econbiz.de/10012469710

Estimating the Impact of Climate Change on Crop Yields : The Importance of Nonlinear Temperature Effects

Schlenker, Wolfram - 2008

The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...

Persistent link: https://www.econbiz.de/10012464847

Food Policy in a Warming World

Hsiao, Allan; Moscona, Jacob; Sastry, Karthik - National Bureau of Economic Research - 2024

Do governments systematically intervene in agricultural markets in response to climate shocks? If so, what are the aggregate and distributional consequences? We construct a global dataset of agricultural policies and extreme heat exposure by country and crop since 1980. We find that extreme heat...

Persistent link: https://www.econbiz.de/10014576567

Climate Shocks, Cyclones, and Economic Growth : Bridging the Micro-Macro Gap

Bakkensen, Laura - 2018

Empirical analyses of climatic event impacts on growth, while critical for policy, have been slow to be incorporated into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for tropical cyclones. First, we review competing empirical...

Persistent link: https://www.econbiz.de/10012480548

Investor Rewards to Climate Responsibility : Evidence from the 2016 Climate Policy Shock

Ramelli, Stefano; Wagner, Alexander F.; Zeckhauser, Richard - 2019 - Revised July 2019

Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...

Persistent link: https://www.econbiz.de/10012480961

Climate Shocks and Exports

Jones, Benjamin F. - 2010

This paper uses international trade data to examine the effects of climate shocks on economic activity. We examine panel models relating the annual growth rate of a country's exports in a particular product category to the country's weather in that year. We find that a poor country being 1...

Persistent link: https://www.econbiz.de/10012462941

Structural Uncertainty and the Value of Statistical Life in the Economics of Catastrophic Climate Change

Weitzman, Martin - 2007

Using climate change as a prototype motivating example, this paper analyzes the implications of structural uncertainty for the economics of low-probability high-impact catastrophes. The paper shows that having an uncertain multiplicative parameter, which scales or amplifies exogenous shocks and...

Persistent link: https://www.econbiz.de/10012465156

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