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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
This paper contributes to the climate-economy literature by analysing the role of weather patterns in influencing the … and their interactions with local weather conditions, taking into account the heterogeneous and cumulative effects of … weather patterns on economic growth and the asymmetry and nonlinearity in the global influence of ENSO on economic activity …
Persistent link: https://www.econbiz.de/10012858930
This paper contributes to the climate-economy literature by analyzing the role of weather patterns in influencing the … and their interactions with local weather conditions, taking into account the heterogeneous and cumulative effects of … weather patterns on economic growth and the asymmetry and nonlinearity in the global influence of ENSO on economic activity …
Persistent link: https://www.econbiz.de/10012846479
The paper examines the non-linear relationship between weather and economic performance. Using within-county variation … in weather between 1996 and 2012, we find both daily temperature and precipitation have asymmetric effects on economic …. Additionally, agricultural sector is more vulnerable to weather extremes, while the effects of weather extremes on non …
Persistent link: https://www.econbiz.de/10012960318
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
Persistent link: https://www.econbiz.de/10014279670
Persistent link: https://www.econbiz.de/10014435433
Persistent link: https://www.econbiz.de/10011349463
Miguel, Satyanath and Sergenti (2004) use rainfall variation as an instrument to show that economic growth is negatively related to civil conflict in sub-Saharan Africa. In the reduced form regression they find that higher rainfall is associated with less conflict. Ciccone (2010) claims that...
Persistent link: https://www.econbiz.de/10013137019