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This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide crosssection of economic sectors. This effect is particularly strong for the summer: an increase of 1°F in the average summer temperature is...
Persistent link: https://www.econbiz.de/10011484896
This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide cross-section of economic sectors. This effect is particularly strong for the summer: an increase of 1oF in the average summer temperature is...
Persistent link: https://www.econbiz.de/10012958093
We document that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide cross-section of economic sectors. This effect is particularly strong for the summer: a 1F increase in the average summer temperature is associated...
Persistent link: https://www.econbiz.de/10012904531
examine this phenomenon at a single scale across multiple scales, namely, NUTS1, NUTS2 and NUTS3, between 2000 and 2008. The … within countries at finer scales (NUTS3 level) rather than between EU countries. Furthermore, these findings hold when we …
Persistent link: https://www.econbiz.de/10011543405
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
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
We investigate the effect of rising temperatures on economic development, using sub-national data for approximately 1,500 sub-national regions in 81 countries from the 1950s to the 2010s. Accounting for region- and time-fixed factors by means of a two-way fixed effects panel approach, we find no...
Persistent link: https://www.econbiz.de/10012660336
This paper analyzes whether temperature changes influence economic growth in the contiguous 48 US states by employing panel methods that address both heterogeneity and cross-sectional dependence. Ultimately, it is determined that the negative effect of warming (proxied by cooling degree days) is...
Persistent link: https://www.econbiz.de/10012853947
.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long …
Persistent link: https://www.econbiz.de/10012806494
performance. We also find evidences that economic productions show adaptation to weather extremes: counties have experienced more … weather extremes present better adaptation; crop production in agricultural counties is less affected by weather extremes …The paper examines the non-linear relationship between weather and economic performance. Using within-county variation …
Persistent link: https://www.econbiz.de/10012960318