The impact of climate change on economic output across industries in Chile

Karla Hernandez and Carlos Madeira

PLOS ONE, 2022, vol. 17, issue 4, 1-21

Abstract: Using region-industry panel data for Chile over the period 1985 to 2017, we find no effect of precipitation changes on GDP and a negative impact of higher summer temperatures on Agriculture-Silviculture and Fishing. An increase of one Celsius degree in the month of January implies a 3% and 12% GDP reduction in Agriculture and Fishing, respectively. There is also a negative effect of higher temperatures in January on Construction and Electricity, Gas, and Water. Our analysis suggests that climate change did not have a big impact on the Chilean economy during this period. Stress test exercises that select only the negative and statistically significant coefficients imply that the Chilean GDP would fall between -14.8% and -9% in 2050 and between -29.6% and -16.8% in 2100, according to our model.

Date: 2022
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Working Paper: The impact of climate change on economic output across industries in Chile (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0266811

DOI: 10.1371/journal.pone.0266811

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