Cookies?
Library Header Image
LSE Research Online LSE Library Services

Temperature variability and long-run economic development

Linsenmeier, Manuel (2021) Temperature variability and long-run economic development. Geography and Environment Discussion Paper Series (26). Department of Geography and Environment, LSE, London, UK.

[img] Text (Paper-26_temperature-viability-and-long-run-economic-development) - Published Version
Download (2MB)

Abstract

This study estimates causal effects of temperature variability on economic activity. For identification I use a novel research design based on spatial first-differences. Economic activity is proxied by nightlights. I distinguish between day-to-day, seasonal, and interannual variability and find that the type of variability matters. The results suggest an economically large and statistically significant negative effect of day-to-day variability on economic activity at most temperature levels. Regarding seasonal variability, I find a smaller but also negative effect. The estimated effect of interannual variability is positive at low and negative at high temperatures. These effects are robust, they can be identified in urban and rural areas, and they cannot be explained with the spatial distribution of agriculture. The results draw attention to the effect of climate variability, which is projected to change but has so far been mostly overlooked in assessments of the impacts and costs of climate change.

Item Type: Monograph (Discussion Paper)
Official URL: http://www.lse.ac.uk/geography-and-environment/res...
Additional Information: © 2021 The Author
Divisions: Geography & Environment
Subjects: H Social Sciences > HC Economic History and Conditions
G Geography. Anthropology. Recreation > GE Environmental Sciences
Q Science > QC Physics
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounting; Environmental Equity
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R14 - Land Use Patterns
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Date Deposited: 19 May 2021 07:24
Last Modified: 19 May 2021 07:24
URI: http://eprints.lse.ac.uk/id/eprint/110499

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics