Climate Shocks and (very) Long-Run Productivity

Carl-Johan Dalgaard and Casper Hansen

No 15-15, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: The present study examines the link between temperature and long-run productivity for a balanced panel of 21 countries, covering the period 1000?1800 CE. Collectively the countries examined accounted for about 2/3 of the global population by 1700. Each epoch in the analysis is a century long, which thus allows time for human adaptation after a temperature shock has occurred. Our principal ?nding is that lower temperatures worked to reduce productivity growth during the period in focus, consistent with contributions to the literature in economic history that argue the Little Ice Age was as a contractionary shock.

Keywords: Climate shocks; Little Ice Age; Productivity growth (search for similar items in EconPapers)
JEL-codes: N10 O47 O57 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2015-09-22
New Economics Papers: this item is included in nep-agr, nep-env and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:1515

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