Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/178288
Authors: 
Kalkuhl, Matthias
Wenz, Leonie
Year of Publication: 
2018
Abstract: 
We estimate the impacts of climate on economic growth using Gross Regional Product (GRP) for more than 1,500 regions in 77 countries. In temperate and tropical climates, annual temperature shocks reduce GRP whereas they increase GRP in cold climates. With respect to long-term climate conditions, one degree of temperature increase reduces output by 2-3%. The effect of annual or long-term precipitation is found to be less important and less robust among specifications. For projected global warming of 4°C until 2100, we find that regions lose 9\% of economic output on average and more than 20% of output in tropical regions.
Subjects: 
climate change
climate damages
climate impacts
growth regression
JEL: 
E23
O11
Q54
Q56
Document Type: 
Working Paper
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