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Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England

Stéphane Auray, Aurélien Eyquem and Frédéric Jouneau-Sion
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Frédéric Jouneau-Sion: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this paper, we bridge economic data and climatic time series to assess the vulnerability of a pre-industrial economy to changes in climatic conditions. We propose an economic model to extract a measure of total productivity from English data (real wages and land rents) in the pre-industrial period. This measure of total productivity is then related to temperatures and precipitations. We find that lower (respectively higher) precipitations (resp. temperatures) enhance productivity. Further, temperatures also have non-linear effects on productivity : large temperature variations lower productivity. We perform counterfactual exercises and quantify the effects of large increases in temperatures on productivity, GDP and welfare.

Keywords: Climatic conditions; TFP shocks; real wages; real rents (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-eff, nep-env, nep-ger and nep-his
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01098763v1
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2016) Downloads
Working Paper: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2016)
Working Paper: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2014) Downloads
Working Paper: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2012) Downloads
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