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Geography, institutions and development: a review ofthe long-run impacts of climate change

Maria del Pilar Lopez-Uribe, David Castells-Quintana () and Thomas K. J. McDermott
Authors registered in the RePEc Author Service: María del Pilar López Uribe ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The links between climate change, economic growth and economic development have gained increasing attention over recent years in both the academic and policy literature. However, most of the existing literature has tended to focus on direct, short run effects of climate change on the economy, for example due to extreme weather events and changes in agricultural growing conditions. In this paper we review potential effects of climate change on the prospects for long-run economic development. These effects might operate directly, via the role of geography (including climate) as a fundamental determinant of relative prosperity, or indirectly by modifying the environmental context in which political and economic institutions evolve. We consider potential mechanisms from climate change to long-run economic development that have been relatively neglected to date, including, for instance, effects on the distribution of income and political power. We conclude with some suggestions for areas of future research.

JEL-codes: J1 (search for similar items in EconPapers)
Date: 2017-05-01
New Economics Papers: this item is included in nep-ene, nep-env, nep-gro and nep-pke
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Published in Climate and Development, 1, May, 2017, 9(5), pp. 452-470. ISSN: 1756-5529

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