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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
The weather index-based insurances may help farmers to cope with climate risks overcoming the most common issues of … traditional insurances. However, the weather index-based insurances present the limit of the basis risk: a significant yield loss … may occur although the weather index does not trigger the indemnification, or a compensation may be granted even if there …
Persistent link: https://www.econbiz.de/10013349388
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10011454120
This study examines the impact of climate change on firm earnings, and how well managers anticipate the impact. Exploiting regional temperature variation around corporate headquarters, we find that firms' earnings, on average, are negatively impacted by an unusually warm climate. In economic...
Persistent link: https://www.econbiz.de/10012897734
.S., and nd that the joint extremes in cold weather and old-age death counts exhibit the strongest level of dependence. Based …
Persistent link: https://www.econbiz.de/10012859067
Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...
Persistent link: https://www.econbiz.de/10012993572
We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets …
Persistent link: https://www.econbiz.de/10012181922
unique fine-scale weather data set that incorporates the whole distribution of temperatures between the minimum and maximum …
Persistent link: https://www.econbiz.de/10014055500
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
We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich …
Persistent link: https://www.econbiz.de/10013359053