Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146465
Authors: 
Colacito, Riccardo
Hoffmann, Bridget
Phan, Toan
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series IDB-WP-676
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 1êF 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.
Subjects: 
Climate change
Growth
JEL: 
O44
Q51
Q59
R11
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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