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

Stéphane Auray, Aurélien Eyquem and Frédéric Jouneau-Sion ()
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Frédéric Jouneau-Sion: Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France

No 1439, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

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. Further, 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: 2014
New Economics Papers: this item is included in nep-eff and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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ftp://ftp.gate.cnrs.fr/RePEc/2014/1439.pdf (application/pdf)

Related works:
Journal Article: 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 (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 (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1439

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