The Effects of Weather Shocks on Economic Activity : What are the Channels of Impact? /

The Effects of Weather Shocks on Economic Activity : What are the Channels of Impact? /

Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in...

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Bibliographic Details
Main Author: Acevedo Mejia, Sebastian
Other Authors: Mrkaic, Mico, Novta, Natalija, Pugacheva, Evgenia
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/144
Online Access:Full text available on IMF
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245 1 4 |a The Effects of Weather Shocks on Economic Activity :   |b What are the Channels of Impact? /  |c Sebastian Acevedo Mejia, Mico Mrkaic, Natalija Novta, Evgenia Pugacheva. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (40 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in temperature lowers per capita output, in both the short and medium term, through a wide array of channels: reduced agricultural output, suppressed productivity of workers exposed to heat, slower investment, and poorer health. In an unmitigated climate change scenario, and under very conservative assumptions, model simulations suggest the projected rise in temperature would imply a loss of around 9 percent of output for a representative low-income country by 2100. 
538 |a Mode of access: Internet 
700 1 |a Mrkaic, Mico. 
700 1 |a Novta, Natalija. 
700 1 |a Pugacheva, Evgenia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/144 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/144/001.2018.issue-144-en.xml  |z IMF e-Library 

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