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How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
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This paper evaluates the contribution of allocative efficiency to the aggregate productivity growth in Canada and the … US. In particular, we are interested in explaining two puzzling facts: 1) the slowdown in productivity growth during the … 1970s and the 2000s in the US, and 2) the widening Canada-US productivity gap since the middle of the 1980s. We extend the …
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