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It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this … statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel … statistical tools for assessing changes in weather risk over time. We apply local t-test, change point tests and Mann-Kendall test …
Persistent link: https://www.econbiz.de/10009379509
analysis is based on a 50-year panel of monthly crime and weather data for 2,972 U.S. counties. I identify the effect of … weather on monthly crime by using a semi-parametric bin estimator and controlling for county-by-month and county-by-year fixed …
Persistent link: https://www.econbiz.de/10014167722
Econometric studies for global heating have typically used regional or global temperature averages to study its long memory properties. One typical explanation behind the long memory properties of temperature averages is cross-sectional aggregation. Nonetheless, formal analysis regarding the...
Persistent link: https://www.econbiz.de/10012483296
This study proposes a nonlinear cointegrating regression model based on the well-known energy balance climate model. Specifically, I investigate the nonlinear cointegrating regression of the mean of temperature anomaly distributions on total radiative forcing using estimated spatial...
Persistent link: https://www.econbiz.de/10012428081
We study a new risk measure inspired from risk theory with a heat wave risk analysis motivation. We show that this risk … useful for measuring the potential impact of climate change on heat wave risk. Numerical illustrations are given. …
Persistent link: https://www.econbiz.de/10010338320
a production economy featuring long-run productivity and temperature volatility risk. In the model temperature …
Persistent link: https://www.econbiz.de/10012892874
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
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