The impact of climate change on developed economies

Ding Du, Xiaobing Zhao and Ruihong Huang

Economics Letters, 2017, vol. 153, issue C, 43-46

Abstract: We use sub-national data to examine the relationship between temperature and growth within the United States and the European Union. Different from previous studies based on national data, we find that the optimal temperature is much lower. Because most of production takes place in areas with temperatures above the optimal temperature, projected temperature increases have significantly negative impact on the economic growth of the United States and the European Union. Our results suggest more proactive climate policy.

Keywords: Climate change; Economic growth; Sub-national data (search for similar items in EconPapers)
JEL-codes: O44 Q54 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (23)

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Related works:
Working Paper: The Impact of Climate Change on Developed Economies (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:153:y:2017:i:c:p:43-46

DOI: 10.1016/j.econlet.2017.01.017

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