Long Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :12 May 2022
Date To :12 May 2022


This paper published in the top journal, Energy Economics, investigates the long-term macroeconomic effects of weather patterns transformed by climate change across 174 countries over the period 1960 to 2014. The empirical application allow for dynamics and feedback effects in the interconnections of climatic and macroeconomic variables, distinguish between level and growth effects – including for long-term, consider asymmetric weather effects, and test for differential impact of weather shocks across climates. The numerous findings of this paper which will be discussed in the seminar call for more forceful policy responses to the threat of climate change, including more ambitious mitigation and adaptation efforts.