An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth
The influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively station...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719133806 http://hdl.handle.net/10986/3841 |
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okr-10986-3841 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AMOUNT OF RAINFALL ANNUAL PRECIPITATION ANOMALOUSLY WET CONDITIONS APPLIED METEOROLOGY CALCULATION CHANGES IN PRECIPITATION CLIMATE CLIMATE CHANGE CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACT ASSESSMENTS CLIMATE CHANGE IMPACTS CLIMATE CONDITIONS CLIMATE DATA CLIMATE EFFECT CLIMATE EFFECTS CLIMATE EVENTS CLIMATE EXTREMES CLIMATE FACTORS CLIMATE HAZARDS CLIMATE IMPACT CLIMATE IMPACTS CLIMATE RISKS CLIMATE SCIENTISTS CLIMATE SIGNAL CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE VARIATION CLIMATES CLIMATIC CHANGE COSTS OF CLIMATE CHANGE DAILY PRECIPITATION DAMAGE TO INFRASTRUCTURE DAMAGES DEVELOPMENT ECONOMICS DROUGHT DROUGHT INDEX DROUGHT INDICES DROUGHT SEVERITY DUST ECONOMIC ACTIVITY ECONOMIC DATA ECONOMIC GROWTH ECONOMIC IMPACTS ECONOMIC IMPACTS OF CLIMATE ECONOMIC IMPACTS OF CLIMATE CHANGE ECONOMIC INDICATORS ECONOMIC MODELS ECONOMIC SYSTEMS ECONOMICS OF CLIMATE CHANGE EFFECT OF CLIMATE VARIABILITY ELECTRICITY ENERGY ECONOMICS ENERGY SOURCES ESTIMATES OF PRECIPITATION EXCESS RAINFALL EXCESSIVE RAINFALL EXPOSURE TO CLIMATE VARIABILITY FERTILIZERS FLOOD FLOOD EVENTS FLOOD HAZARD FLOOD RISK FLOODING FLOODS FOOD SECURITY FUTURE PRECIPITATION GCM GLOBAL CLIMATE GLOBAL SCALE GLOBAL TEMPERATURES GLOBAL WARMING IMPACT OF CLIMATE IMPACTS FROM CLIMATE CHANGE IMPACTS OF DROUGHT INCOME INSURANCE INSURANCE MECHANISMS INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE LOW RAINFALL METEOROLOGY MONETARY ECONOMICS MONSOON NEGATIVE IMPACT NEGATIVE IMPACTS PALMER DROUGHT SEVERITY INDEX POLICY IMPLICATIONS POLICY MAKERS PRECIPITATION PRECIPITATION ANOMALIES PRECIPITATION PATTERNS RAINFALL RAINFALL ANOMALIES RAINFALL VARIABILITY RAINFALL VARIATIONS RAINY SEASON REGIONAL SCALE PRECIPITATION RESOURCE ECONOMICS RISK AVERSION RISK MANAGEMENT SINK SOUTHERN OSCILLATION INDEX STRATEGY FOR ADAPTATION TO CLIMATE CHANGE TEMPERATURE TEMPERATURE CHANGES TEMPERATURE DATA TEMPERATURE EFFECT TEMPERATURE EFFECTS TEMPERATURE VARIABILITY TEMPERATURES TEMPORAL VARIABILITY TERRESTRIAL SURFACE CLIMATE TROPICS VARIABILITY OF RAINFALL WEATHER |
| spellingShingle |
AMOUNT OF RAINFALL ANNUAL PRECIPITATION ANOMALOUSLY WET CONDITIONS APPLIED METEOROLOGY CALCULATION CHANGES IN PRECIPITATION CLIMATE CLIMATE CHANGE CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACT ASSESSMENTS CLIMATE CHANGE IMPACTS CLIMATE CONDITIONS CLIMATE DATA CLIMATE EFFECT CLIMATE EFFECTS CLIMATE EVENTS CLIMATE EXTREMES CLIMATE FACTORS CLIMATE HAZARDS CLIMATE IMPACT CLIMATE IMPACTS CLIMATE RISKS CLIMATE SCIENTISTS CLIMATE SIGNAL CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE VARIATION CLIMATES CLIMATIC CHANGE COSTS OF CLIMATE CHANGE DAILY PRECIPITATION DAMAGE TO INFRASTRUCTURE DAMAGES DEVELOPMENT ECONOMICS DROUGHT DROUGHT INDEX DROUGHT INDICES DROUGHT SEVERITY DUST ECONOMIC ACTIVITY ECONOMIC DATA ECONOMIC GROWTH ECONOMIC IMPACTS ECONOMIC IMPACTS OF CLIMATE ECONOMIC IMPACTS OF CLIMATE CHANGE ECONOMIC INDICATORS ECONOMIC MODELS ECONOMIC SYSTEMS ECONOMICS OF CLIMATE CHANGE EFFECT OF CLIMATE VARIABILITY ELECTRICITY ENERGY ECONOMICS ENERGY SOURCES ESTIMATES OF PRECIPITATION EXCESS RAINFALL EXCESSIVE RAINFALL EXPOSURE TO CLIMATE VARIABILITY FERTILIZERS FLOOD FLOOD EVENTS FLOOD HAZARD FLOOD RISK FLOODING FLOODS FOOD SECURITY FUTURE PRECIPITATION GCM GLOBAL CLIMATE GLOBAL SCALE GLOBAL TEMPERATURES GLOBAL WARMING IMPACT OF CLIMATE IMPACTS FROM CLIMATE CHANGE IMPACTS OF DROUGHT INCOME INSURANCE INSURANCE MECHANISMS INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE LOW RAINFALL METEOROLOGY MONETARY ECONOMICS MONSOON NEGATIVE IMPACT NEGATIVE IMPACTS PALMER DROUGHT SEVERITY INDEX POLICY IMPLICATIONS POLICY MAKERS PRECIPITATION PRECIPITATION ANOMALIES PRECIPITATION PATTERNS RAINFALL RAINFALL ANOMALIES RAINFALL VARIABILITY RAINFALL VARIATIONS RAINY SEASON REGIONAL SCALE PRECIPITATION RESOURCE ECONOMICS RISK AVERSION RISK MANAGEMENT SINK SOUTHERN OSCILLATION INDEX STRATEGY FOR ADAPTATION TO CLIMATE CHANGE TEMPERATURE TEMPERATURE CHANGES TEMPERATURE DATA TEMPERATURE EFFECT TEMPERATURE EFFECTS TEMPERATURE VARIABILITY TEMPERATURES TEMPORAL VARIABILITY TERRESTRIAL SURFACE CLIMATE TROPICS VARIABILITY OF RAINFALL WEATHER Brown, Casey Meeks, Robyn Ghile, Yonas Hunu, Kenneth An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5357 |
| description |
The influence of climate on economic
growth is a topic of growing interest. Few studies have
investigated the potential role that climate hazards and
their cumulative effects have on the growth prospects for a
country. Due to the relatively stationary spatial patterns
of global climate, some regions and countries are more prone
to climate hazards and climate variability than others. This
study uses a precipitation index that preserves the spatial
and temporal variability of precipitation and differentiates
between precipitation maximums (such as floods) and minimums
(such as droughts). The authors develop a year and country
fixed effects regression model to test the influence of
climate variables on measures of economic growth and
activity. The results indicate that precipitation extremes
(floods and droughts) are the dominant climate influence on
economic growth and that the effects are significant and
negative. The drought index is associated with a highly
significant negative influence on growth of growth domestic
product, while the flood index is associated with a negative
influence on growth of gross domestic product and lagged
effects on growth. Temperature has little significant
effect. These results have important implications for
economic projections of climate change impacts. In addition,
adaptation strategies should give new consideration to the
importance of water resources given the identification of
precipitation extremes as the key climate influence on
historical growth of gross domestic product. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Brown, Casey Meeks, Robyn Ghile, Yonas Hunu, Kenneth |
| author_facet |
Brown, Casey Meeks, Robyn Ghile, Yonas Hunu, Kenneth |
| author_sort |
Brown, Casey |
| title |
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| title_short |
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| title_full |
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| title_fullStr |
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| title_full_unstemmed |
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth |
| title_sort |
empirical analysis of the effects of climate variables on national level economic growth |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719133806 http://hdl.handle.net/10986/3841 |
| _version_ |
1764388617022603264 |
| spelling |
okr-10986-38412021-04-23T14:02:13Z An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth Brown, Casey Meeks, Robyn Ghile, Yonas Hunu, Kenneth AMOUNT OF RAINFALL ANNUAL PRECIPITATION ANOMALOUSLY WET CONDITIONS APPLIED METEOROLOGY CALCULATION CHANGES IN PRECIPITATION CLIMATE CLIMATE CHANGE CLIMATE CHANGE IMPACT CLIMATE CHANGE IMPACT ASSESSMENTS CLIMATE CHANGE IMPACTS CLIMATE CONDITIONS CLIMATE DATA CLIMATE EFFECT CLIMATE EFFECTS CLIMATE EVENTS CLIMATE EXTREMES CLIMATE FACTORS CLIMATE HAZARDS CLIMATE IMPACT CLIMATE IMPACTS CLIMATE RISKS CLIMATE SCIENTISTS CLIMATE SIGNAL CLIMATE VARIABILITY CLIMATE VARIABLE CLIMATE VARIABLES CLIMATE VARIATION CLIMATES CLIMATIC CHANGE COSTS OF CLIMATE CHANGE DAILY PRECIPITATION DAMAGE TO INFRASTRUCTURE DAMAGES DEVELOPMENT ECONOMICS DROUGHT DROUGHT INDEX DROUGHT INDICES DROUGHT SEVERITY DUST ECONOMIC ACTIVITY ECONOMIC DATA ECONOMIC GROWTH ECONOMIC IMPACTS ECONOMIC IMPACTS OF CLIMATE ECONOMIC IMPACTS OF CLIMATE CHANGE ECONOMIC INDICATORS ECONOMIC MODELS ECONOMIC SYSTEMS ECONOMICS OF CLIMATE CHANGE EFFECT OF CLIMATE VARIABILITY ELECTRICITY ENERGY ECONOMICS ENERGY SOURCES ESTIMATES OF PRECIPITATION EXCESS RAINFALL EXCESSIVE RAINFALL EXPOSURE TO CLIMATE VARIABILITY FERTILIZERS FLOOD FLOOD EVENTS FLOOD HAZARD FLOOD RISK FLOODING FLOODS FOOD SECURITY FUTURE PRECIPITATION GCM GLOBAL CLIMATE GLOBAL SCALE GLOBAL TEMPERATURES GLOBAL WARMING IMPACT OF CLIMATE IMPACTS FROM CLIMATE CHANGE IMPACTS OF DROUGHT INCOME INSURANCE INSURANCE MECHANISMS INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE LOW RAINFALL METEOROLOGY MONETARY ECONOMICS MONSOON NEGATIVE IMPACT NEGATIVE IMPACTS PALMER DROUGHT SEVERITY INDEX POLICY IMPLICATIONS POLICY MAKERS PRECIPITATION PRECIPITATION ANOMALIES PRECIPITATION PATTERNS RAINFALL RAINFALL ANOMALIES RAINFALL VARIABILITY RAINFALL VARIATIONS RAINY SEASON REGIONAL SCALE PRECIPITATION RESOURCE ECONOMICS RISK AVERSION RISK MANAGEMENT SINK SOUTHERN OSCILLATION INDEX STRATEGY FOR ADAPTATION TO CLIMATE CHANGE TEMPERATURE TEMPERATURE CHANGES TEMPERATURE DATA TEMPERATURE EFFECT TEMPERATURE EFFECTS TEMPERATURE VARIABILITY TEMPERATURES TEMPORAL VARIABILITY TERRESTRIAL SURFACE CLIMATE TROPICS VARIABILITY OF RAINFALL WEATHER The influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively stationary spatial patterns of global climate, some regions and countries are more prone to climate hazards and climate variability than others. This study uses a precipitation index that preserves the spatial and temporal variability of precipitation and differentiates between precipitation maximums (such as floods) and minimums (such as droughts). The authors develop a year and country fixed effects regression model to test the influence of climate variables on measures of economic growth and activity. The results indicate that precipitation extremes (floods and droughts) are the dominant climate influence on economic growth and that the effects are significant and negative. The drought index is associated with a highly significant negative influence on growth of growth domestic product, while the flood index is associated with a negative influence on growth of gross domestic product and lagged effects on growth. Temperature has little significant effect. These results have important implications for economic projections of climate change impacts. In addition, adaptation strategies should give new consideration to the importance of water resources given the identification of precipitation extremes as the key climate influence on historical growth of gross domestic product. 2012-03-19T18:40:46Z 2012-03-19T18:40:46Z 2010-07-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719133806 http://hdl.handle.net/10986/3841 English Policy Research working paper ; no. WPS 5357 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |