The Impact of Climate Conditions on Economic Production. Evidence from a Global Panel of Regions

Matthias Kalkuhl and Leonie Wenz

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: 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.

Keywords: climate change; climate damages; climate impacts; growth regression (search for similar items in EconPapers)
JEL-codes: E23 O11 Q54 Q56 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-gro and nep-mac
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Citations: View citations in EconPapers (10)

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Related works:
Journal Article: The impact of climate conditions on economic production. Evidence from a global panel of regions (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:178288

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