A unifying approach to measuring climate change impacts and adaptation

Antonio M. Bento, Noah Miller, Mehreen Mookerjee and Edson Severnini

Journal of Environmental Economics and Management, 2023, vol. 121, issue C

Abstract: We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of climate change on local air pollution. Economic agents are usually constrained when responding to daily weather shocks, but may adjust to long-run climatic changes. By simultaneously exploiting variation in weather and climate, we identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space, and overcome omitted variable bias concerns from prior approaches.

Keywords: Climate change estimation methods; Climate impacts; Adaptation; Local air pollution; Ambient ozone concentration; “climate penalty” on ozone (search for similar items in EconPapers)
JEL-codes: C51 Q53 Q54 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: A Unifying Approach to Measuring Climate Change Impacts and Adaptation (2020)
Working Paper: A Unifying Approach to Measuring Climate Change Impacts and Adaptation (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:121:y:2023:i:c:s009506962300061x

DOI: 10.1016/j.jeem.2023.102843

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