Showing 1 - 10 of 901
This paper finds that global temperature anomalies are characterised by (temporary) explosiveness, a statistical feature typically found in financial and commodity market data during episodes of extreme price increases. This finding dramatically illustrates the extent temperature changes have...
Persistent link: https://www.econbiz.de/10014382935
This paper adopts an instrumental variable approach to uncover the impact of variations in minimum temperature on emergence and severity of actual violence through the effect on food availability, captured by rice crops per capita. The link between increase in minimum temperature and rice crops...
Persistent link: https://www.econbiz.de/10010250125
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect of temperature on land values using a flexible specification of daily mean temperature to test if there are temperature threshold effects. Results indicate that there are no...
Persistent link: https://www.econbiz.de/10011922161
vulnerable than richer ones. A meta-analysis of the impact of weather shocks reveals that studies, which relate economic growth … implied by studies of the impact of climate change is close to the growth impact estimated as a function of weather shocks …
Persistent link: https://www.econbiz.de/10013362448
The effects of extreme weather events, such as heat waves and droughts, are taken into account in both global and … emerging risks of extreme weather events, in particular, droughts and high temperatures, for the German power sector. Our … extreme weather events will aggravate the observed problem, especially with respect to the transition of the power sector. …
Persistent link: https://www.econbiz.de/10012299466
weather on migration. This effect is driven by the role of trust in increasing adaptive capacity. However, for severe …
Persistent link: https://www.econbiz.de/10012270546
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I … in both rich and poor countries; positively in cold countries and negatively in hot ones. Weather anomalies reduce …
Persistent link: https://www.econbiz.de/10012486667
average treatment effects and strong spatial spillovers, particularly for weather shocks. Moreover, substantial heterogeneity …
Persistent link: https://www.econbiz.de/10011872945
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...
Persistent link: https://www.econbiz.de/10012515093
We establish the financial materiality of temperature variability by demonstrating its impact on US firms and investors. A long-short strategy that sorts firms based on exposure earns a market-adjusted alpha of 39 basis points per month. This variability metric is related to aggregate decreases...
Persistent link: https://www.econbiz.de/10015098575