Climate Shocks and Exports
This paper uses international trade data to examine the effects of climate shocks on economic activity. At the aggregate level, Melissa Dell, Benjamin F. Jones, and Benjamin A. Olken (2008) (hereafter, DJO) have demonstrated that higher temperatures in a given year reduce the growth rate of GD...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
American Economic Association.
2011
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| Online Access: | http://hdl.handle.net/1721.1/60964 https://orcid.org/0000-0003-1918-4631 |
| Summary: | This paper uses international trade data to
examine the effects of climate shocks on economic
activity. At the aggregate level, Melissa
Dell, Benjamin F. Jones, and Benjamin A.
Olken (2008) (hereafter, DJO) have demonstrated
that higher temperatures in a given year
reduce the growth rate of GDP per capita, but
only in poor countries. The analysis of trade
data in this paper builds on that finding, with
three principal motivations. First, international
trade links the fortunes of countries, providing
potentially important conduits for geographically
limited climatic impacts to have global
economic effects. Second, international trade
data is the best available source for identifying
economic activity worldwide separately by narrowly
defined sectors. Examining international
trade data, one can thus say more precisely
what sectors are affected by climatic changes.
Finally, the trade data, collected by the importing
country, provides a check on the potentially
low-quality national accounts data provided by
the home country. |
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