The impact of climate change on developed economies

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

We use sub-national data to examine the relationship between temperature and growth within the United States and the European Union. Different from previous studies based on national data, we find that the optimal temperature is much lower. Because most of production takes place in areas with temperatures above the optimal temperature, projected temperature increases have significantly negative impact on the economic growth of the United States and the European Union. Our results suggest more proactive climate policy.

Original languageEnglish (US)
Pages (from-to)43-46
Number of pages4
JournalEconomics Letters
Volume153
DOIs
StatePublished - Apr 1 2017

Keywords

  • Climate change
  • Economic growth
  • Sub-national data

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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