The impact of climate conditions on economic production. Evidence from a global panel of regions
By Matthias Kalkuhl, L. Wenz. 2020
429 citations recorded by the source corpus.
We estimate the impacts of climate on economic growth using Gross Regional Product (GRP) for more than 1,500 regions in 77 countries. In temperate and tropical climates, annual temperature shocks reduce GRP whereas they increase GRP in cold climates. With respect to long-term climate conditions, one degree of temperature increase reduces output by 2-3%. The effect of annual or long-term precipitation is found to be less important and less robust among specifications. For projected global warming of 4°C until 2100, we find that regions lose 9\% of economic output on average and more than 20% of output in tropical regions.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/28efd84536bd43d316ca7c04502440df8cd1de14
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In Economics and Econometrics
- D. Frame
- Ilan Noy
- S. Rosier
- S. Hochrainer
- Thomas K. J. McDermott
- Sam Fankhauser
- Makena Coffman
- Rio Yonson
Citations in the corpus
- The economic costs of Hurricane Harvey attributable to climate change (2020, background): “More recent unpublished work, using regional rather than national-level data, suggests current adverse impacts for the USA, but as yet quite small (Kalkuhl and Wenz, 2018).”