Temperature and Growth: A Panel Analysis of the United States

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IDB Working Paper Series ; No. IDB-WP-676

Classification and Topics

• Classification: Wirtschaft ; Environment and Growth ; Valuation of Environmental Effects ; Environmental Economics: Other ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
• Subject: Climate change ; Growth

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Colacito, Riccardo ; Hoffmann, Bridget ; Phan, Toan
• Event: Veröffentlichung
• (who): Inter-American Development Bank (IDB)
• (where): Washington, DC
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/146465
• Last update: 10.03.2025, 11:43 AM CET