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dc.titleTemperature and Growth: A Panel Analysis of the United States
dc.contributor.authorColacito, Riccardo
dc.contributor.authorHoffmann, Bridget
dc.contributor.authorPhan, Toan
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageUnited States
dc.date.available2016-05-24T00:00:00
dc.date.issue2016-05-24T00:00:00
dc.description.abstractThis 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.
dc.format.extent55
dc.identifier.doihttp://dx.doi.org/10.18235/0011736
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Temperature-and-Growth-A-Panel-Analysis-of-the-United-States.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectClimate Change
dc.subjectLabor Productivity
dc.subjectEconomic Impact
dc.subjectEconomic Development
dc.subjectEnvironmental Economy
dc.subjectInsurance Company
dc.subject.jelcodeO44 - Environment and Growth
dc.subject.jelcodeO51 - U.S. • Canada
dc.subject.jelcodeQ59 - Environmental Economics: Other
dc.subject.jelcodeR11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
dc.subject.keywordslabor productivity;economic impact;economic growth
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1219
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