A Unifying Approach to Measuring Climate Change Impacts and Adaptation

Antonio Bento (), Noah S. Miller, Mehreen Mookerjee and Edson Severnini

No 27247, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of climate change on local air pollution. Economic agents are usually constrained when responding to daily weather shocks, but may adjust to long-run climatic changes. By simultaneously exploiting variation in weather and climate, we identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space, and overcome omitted variable bias concerns in prior approaches.

JEL-codes: C51 Q53 Q54 (search for similar items in EconPapers)
Date: 2020-05
New Economics Papers: this item is included in nep-agr and nep-env
Note: EEE
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Citations: View citations in EconPapers (9)

Published as Antonio M. Bento & Noah Miller & Mehreen Mookerjee & Edson Severnini, 2023. "A unifying approach to measuring climate change impacts and adaptation," Journal of Environmental Economics and Management, .

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Journal Article: A unifying approach to measuring climate change impacts and adaptation (2023)
Working Paper: A Unifying Approach to Measuring Climate Change Impacts and Adaptation (2020)
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