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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
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have … countries, leaving rich countries basically unaffected. In this study, we make use of a detailed weather and economic dataset … regions to a climate shock is partially adapted in the long-run. …
Persistent link: https://www.econbiz.de/10011130323
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have … countries, leaving rich countries basically unaffected. In this study, we make use of a detailed weather and economic dataset … regions to a climate shock is partially adapted in the long-run. …
Persistent link: https://www.econbiz.de/10011307270
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/10012207958
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992).
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