@misc{12472,
title = {Temperature and Growth: A Panel Analysis of the United States},
author = {Colacito, Riccardo and Hoffmann, Bridget and Phan, Toan},
year = {2016},
doi = {10.18235/0011736},
abstract = {This paper documents that seasonal temperatures have significant and systematic effects on the U.S. economy, both at the aggregate level and across a wide crosssection of economic sectors. This effect is particularly strong for the summer: an increase of 1°F in the average summer temperature is associated with a reduction in the annual growth rate of state-level output of 0:15 to 0:25 percentage points.  When these estimates are combined with projected increases in seasonal temperatures it is found that a reduction of U.S. economic growth by up to one third could occur over the next century.},
url = {https://doi.org/10.18235/0011736}
}