Climate change and economic activity: Evidence from US states
View / Open Files
Publication Date
2022-01-27Series
Cambridge Working Papers in Economics
Janeway Institute Working Paper Series
Publisher
Faculty of Economics, University of Cambridge
Type
Working Paper
Later Version(s)
Metadata
Show full item recordCitation
Mohaddes, K., C. Ng, R. N., Pesaran, M. H., Raissi, M., & Yang, J. (2022). Climate change and economic activity: Evidence from US states. https://doi.org/10.17863/CAM.81922
Abstract
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963-2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various state-specific economic performance indicators at the aggregate and sectoral levels. We show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labour productivity and employment in the United States. Moreover, in contrast to most cross-country results, our within U.S. estimates tend to be asymmetrical with respect to deviations of climate variables (including precipitation) from their historical norms.
Keywords
Climate change, economic growth, adaptation, United States
Identifiers
CWPE2205, JIWP2203
External DOI: https://doi.org/10.17863/CAM.81922
This record's URL: https://www.repository.cam.ac.uk/handle/1810/334504
Statistics
Total file downloads (since January 2020). For more information on metrics see the
IRUS guide.
Recommended or similar items
The current recommendation prototype on the Apollo Repository will be turned off on 03 February 2023. Although the pilot has been fruitful for both parties, the service provider IKVA is focusing on horizon scanning products and so the recommender service can no longer be supported. We recognise the importance of recommender services in supporting research discovery and are evaluating offerings from other service providers. If you would like to offer feedback on this decision please contact us on: support@repository.cam.ac.uk