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- W4308792054 abstract "Abstract We investigate the long-term macroeconomic effects of climate change across 48 US states over the period 1963–2016 using a novel econometric strategy that 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 US estimates tend to be asymmetrical with respect to deviations of climate variables (including precipitation) from their historical norms." @default.
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- W4308792054 date "2022-11-11" @default.
- W4308792054 modified "2023-10-01" @default.
- W4308792054 title "Climate change and economic activity: evidence from US states" @default.
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- W4308792054 doi "https://doi.org/10.1093/ooec/odac010" @default.
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