Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/146465 
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-676
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
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: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
581.39 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.