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- W2947921485 abstract "Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures would harm both the level and growth capacities of relatively poor countries, leaving rich countries basically unaffected. In this study, we make use of a detailed weather and economic dataset covering the main regions of the five largest economies in the Euro area in an attempt to refute the previous affirmation. In particular, we find in our sample that global warming affects, although in a modest manner, all regions within well-developed countries in the long-term (level effect). As in DJO, the level effect in poor regions is exacerbated. The latter regions also suffer from a slight negative short-term effect (growth effect). We claim also that the larger short-time response of these regions to a climate shock is partially adapted in the long-run." @default.
- W2947921485 created "2019-06-07" @default.
- W2947921485 creator A5086611647 @default.
- W2947921485 date "2015-01-01" @default.
- W2947921485 modified "2023-09-24" @default.
- W2947921485 title "Weather and Income: Lessons from the main European regions" @default.
- W2947921485 hasPublicationYear "2015" @default.
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