What Do We Learn from the Weather? The New Climate-Economy Literature
What Do We Learn from the Weather? The New Climate-Economy Literature
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DOI：
10.1257/jel.52.3.740
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发表时间：
2014-09-01
影响因子：
12.6
通讯作者：
Olken, Benjamin A.
中科院分区：
文献类型：
--
作者：
Dell, Melissa;Jones, Benjamin F.;Olken, Benjamin A.
一个快速增长的研究机构应用面板方法来研究温度、降水和风暴如何影响经济结果。这些研究侧重于在给定的空间区域内，随着时间的推移，天气意识的变化，并展示对农业产出，工业产出，劳动生产率，能源需求，健康，冲突和经济增长的影响，以及其他结果。通过利用给定空间单元内随时间的外生变化，这些研究有助于合理地确定（i）连接天气和经济的渠道的宽度，（ii）不同类型位置的异质处理效果，以及（iii）天气变量的非线性效应。本文对新文献进行了综述，目的有二。首先，我们总结了最近的工作，提供了一个指南，其方法，数据集和发现。其次，我们考虑新文献的应用，包括模型内的“损害函数”的见解，寻求评估未来气候变化的潜在经济影响。
A rapidly growing body of research applies panel methods to examine how temperature, precipitation, and windstorms influence economic outcomes. These studies focus on changes in weather realizations over time within a given spatial area and demonstrate impacts on agricultural output, industrial output, labor productivity, energy demand, health, conflict, and economic growth, among other outcomes. By harnessing exogenous variation over time within a given spatial unit, these studies help credibly identify (i) the breadth of channels linking weather and the economy, (ii) heterogeneous treatment effects across different types of locations, and (iii) nonlinear effects of weather variables. This paper reviews the new literature with two purposes. First, we summarize recent work, providing a guide to its methodologies, datasets, and findings. Second, we consider applications of the new literature, including insights for the "damage function" within models that seek to assess the potential economic effects of future climate change.