XML FeedsClimate Change and Economic Growth: Evidence from the Last Half Century
By CostBenefit on Jul 8, 2008 | In Climate Change GHG Carbon CO2, Academic Study/Journal Article, Economic Development and Green Jobs, Weather, Research Institute NGO NonProfit, Costs and Benefits | Send feedback »
Link: http://papers.nber.org/papers/w14132
Abstract: This paper uses annual variation in temperature and precipitation over the past 50 years to examine the impact of climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures substantially reduce economic growth in poor countries but have little effect in rich countries. Second, higher temperatures appear to reduce growth rates in poor countries, rather than just the level of output. Third, higher temperatures have wide-ranging effects in poor nations, reducing agricultural output, industrial output, and aggregate investment, and increasing political instability. Analysis of decade or longer climate shifts also shows substantial negative effects on growth in poor countries. Should future impacts of climate change mirror these historical effects, the negative impact on poor countries may be substantial.
by Melissa Dell, Benjamin F. Jones and Benjamin A. Olken
National Bureau of Economic Research (NBER) www.NBER.org
NBER Working Paper No. 14132; Issued in June 2008
http://papers.nber.org/papers/w14132
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