Weather Conditions and Economic Growth - Is Productivity Hampered by Climate Change?

Thomas Brenner () and Daniel Lee
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Daniel Lee: German Meteorological Service, Offenbach

No 2014-06, Working Papers on Innovation and Space from Philipps University Marburg, Department of Geography

Abstract: Climate change researchers predict a dramatic increase in global average temperature over the next decades. We use past temperature and precipitation fluctuations to investigate whether changes in temperature and precipitation are associated with decreases in economic growth. A GMM panel regression is used to analyze the effects of the average yearly heat index and precipitation on economic growth in 105 countries for the time period 1991-2009.

Keywords: national growth; heat; average yearly temperature; growth effects; panel GMM (search for similar items in EconPapers)
JEL-codes: C23 E10 O11 O13 (search for similar items in EconPapers)
Pages: 312 pages
Date: 2014-10-14
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env, nep-gro and nep-mac
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Citations: View citations in EconPapers (6)

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