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

Author

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  • Thomas Brenner

    (Economic Geography and Location Research, Philipps-University, Marburg)

  • Daniel Lee

    (German Meteorological Service, Offenbach)

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.

Suggested Citation

  • Thomas Brenner & Daniel Lee, 2014. "Weather Conditions and Economic Growth - Is Productivity Hampered by Climate Change?," Working Papers on Innovation and Space 2014-06, Philipps University Marburg, Department of Geography.
    • Handle: RePEc:pum:wpaper:2014-06
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    Cited by:

    1. Joseph P. Byrne & Prince Asare Vitenu-Sackey, 2024. "The Macroeconomic Impact of Global and Country-Specific Climate Risk," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(3), pages 655-682, March.
    2. Michael Donadelli & Marcus Jüppner & Sergio Vergalli, 2022. "Temperature Variability and the Macroeconomy: A World Tour," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(1), pages 221-259, September.
    3. Michael Berlemann & Daniela Wenzel, 2018. "Precipitation and Economic Growth," CESifo Working Paper Series 7258, CESifo.
    4. , Aisdl, 2021. "Factors Determining the Development of Minimum Comparable Areas and Spatial Interaction," OSF Preprints 9e7xz, Center for Open Science.
    5. Majid Khan & Abdul Rashid, 2022. "(A)symmetry effects of climate changes on economic growth: a panel data analysis," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(4), pages 571-607, December.

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    More about this item

    Keywords

    national growth; heat; average yearly temperature; growth effects; panel GMM;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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