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 …

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 …