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

Stéphane Auray, Aurélien Eyquem and Frédéric Jouneau-Sion

Annals of Economics and Statistics, 2016, issue 121-122, 261-277

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. Furthermore, 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)
JEL-codes: C22 N13 O41 O47 Q54 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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http://www.jstor.org/stable/10.15609/annaeconstat2009.121-122.261 (text/html)

Related works:
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)
Working Paper: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2014)
Working Paper: Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2016:i:121-122:p:261-277

DOI: 10.15609/annaeconstat2009.121-122.261

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