IDEAS home Printed from https://ideas.repec.org/a/fip/fedfel/96392.html
   My bibliography  Save this article

How Long Do Rising Temperatures Affect Economic Growth?

Author

Listed:

Abstract

How might rising temperatures around the world affect the growth rate of GDP per person? Examining data across countries over the past half-century shows that a change in temperature affects GDP growth, but only temporarily. Combining estimates from past data with a simple growth model can help project the impacts of future higher temperatures on GDP per person by country. These projections suggest that total global losses in output per person could be substantial, though smaller than if a given change in temperature had a permanent effect on GDP growth.

Suggested Citation

  • Gregory Casey & Stephie Fried & Ethan Goode, 2023. "How Long Do Rising Temperatures Affect Economic Growth?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(15), pages 1-6, June.
    • Handle: RePEc:fip:fedfel:96392
    as

    Download full text from publisher

    File URL: https://www.frbsf.org/wp-content/uploads/sites/4/el2023-15.pdf
    File Function: Full text - article PDF
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gregory Casey & Stephie Fried & Ethan Goode, 2023. "Projecting the Impact of Rising Temperatures: The Role of Macroeconomic Dynamics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 688-718, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Casey, Gregory & Fried, Stephie & Gibson, Matthew, 2024. "Understanding climate damages: Consumption versus investment," European Economic Review, Elsevier, vol. 167(C).
    2. Uchechukwu Jarrett & Yvonne Tackie, 2024. "Re‐examining the effect of heat and water stress on agricultural output growth: How is Sub‐Saharan Africa different?," Agricultural Economics, International Association of Agricultural Economists, vol. 55(3), pages 515-530, May.
    3. Desbordes, Rodolphe & Eberhardt, Markus, 2024. "Climate change and economic prosperity: Evidence from a flexible damage function," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:96392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.