Codes and Data Package: Climate Change and Economic Activity: Evidence from U.S. States

Published: 31 October 2022| Version 1 | DOI: 10.17632/8fmnnmt94r.1
Contributors:
Kamiar Mohaddes, Ryan N. C. Ng, Mohammad Hashem Pesaran, Mehdi Raissi, Jui-Chung Yang

Description

This package contains all the Stata data, do, and ado files needed to compute the statistics and results in "Climate Change and Economic Activity: Evidence from U.S. States", forthcoming in Oxford Open Economics. Abstract: We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963-2016 using a novel econometric strategy that links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various state-specific economic performance indicators at the aggregate and sectoral levels. We show that climate change has a long-lasting adverse impact on real output in various states and economic sectors, and on labour productivity and employment in the United States. Moreover, in contrast to most cross-country results, our within U.S. estimates tend to be asymmetrical with respect to deviations of climate variables (including precipitation) from their historical norms.

Files

Institutions

  • University of Cambridge

Categories

Econometrics, Economic Growth, Adaptation, United States of America, Climate Change, Productivity

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