 Climate Econometrics: Can the Panel Approach Account for Long‐Run Adaptation?Pierre Mérel () and
Matthew Gammans
Post-Print from HAL Abstract: The panel approach with fixed effects and nonlinear weather effects has become a popular method to uncover weather impacts on economic outcomes, but its ability to capture long-run climatic adaptation remains unclear. Building upon a framework proposed by McIntosh and Schlenker (2006), this paper identifies empirical conditions under which the nonlinear panel approach can approximate a long-run response to climate. When these conditions fail, the obtained relationship may still be interpretable as a weighted average of underlying short-run and long-run responses. We use this decomposition to revisit recently published climate impact estimates. For spatially large panels, the estimated temperature-outcome relationship mostly reflects the long-run climatic response; this is not so for precipitation. We find some evidence of long-run climatic adaptation for crop yield outcomes in the United States and France. Keywords: Climate adaption; Long run (search for similar items in EconPapers) Published in American Journal of Agricultural Economics, 2021, 103 (4), pp.1207-1238. ⟨10.1111/ajae.12200⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03373435 DOI: 10.1111/ajae.12200 Access Statistics for this paper More papers in Post-Print from HAL |
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