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A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial … resolution from 1979 to 2019 and construct 164 weather variables and their lags. We select a parsimonious subset of relevant …
Persistent link: https://www.econbiz.de/10014079013
income shocks. The empirical strategy identifies households’ responses to random weather shocks and estimates their … to cope with negative weather shocks than those living in regions with non-state armed actor presence but with limited or … no intervention. The former households face a lower economic impact of weather shocks and resort less to survival …
Persistent link: https://www.econbiz.de/10012129665
This paper studies the link between severe weather shocks in Colombia and municipality-level incidence of dengue and … weather shocks are associated with not only an increase in the number of dengue cases, in the case of high variability (but …
Persistent link: https://www.econbiz.de/10011286264
In this paper, we investigate the impact of adverse weather shocks on Colombian economic activity, with a particular … that adverse weather shocks, such as those related to the El Niño event in 2015-2016, lead to decreases in agricultural … by weather shocks, allowing us to incorporate this empirical evidence into a structural model for Colombia. …
Persistent link: https://www.econbiz.de/10014368424
The question of how climate change and weather fluctuations affect the economy is high on the economic research agenda …
Persistent link: https://www.econbiz.de/10014354391
Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise...
Persistent link: https://www.econbiz.de/10012913921
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
research agenda, as the identification of exogenous weather shocks is still an open issue. Using daily county-level data since …
Persistent link: https://www.econbiz.de/10014080858
affects local spillovers in case of a weather shock. Second, we use road infrastructure as a proxy for overall connectivity to …Extreme weather may give rise to the relocation of economic activity towards nearby locations. But how are the economic … effects of weather events transmitted between locations? And, which role does the interconnection of small economic units play …
Persistent link: https://www.econbiz.de/10012195996
We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10013306756