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DOI10.1038/s41558-020-00985-5
Day-to-day temperature variability reduces economic growth
Kotz M.; Wenz L.; Stechemesser A.; Kalkuhl M.; Levermann A.
发表日期2021
ISSN1758-678X
英文摘要Elevated annual average temperature has been found to impact macro-economic growth. However, various fundamental elements of the economy are affected by deviations of daily temperature from seasonal expectations which are not well reflected in annual averages. Here we show that increases in seasonally adjusted day-to-day temperature variability reduce macro-economic growth independent of and in addition to changes in annual average temperature. Combining observed day-to-day temperature variability with subnational economic data for 1,537 regions worldwide over 40 years in fixed-effects panel models, we find that an extra degree of variability results in a five percentage-point reduction in regional growth rates on average. The impact of day-to-day variability is modulated by seasonal temperature difference and income, resulting in highest vulnerability in low-latitude, low-income regions (12 percentage-point reduction). These findings illuminate a new, global-impact channel in the climate–economy relationship that demands a more comprehensive assessment in both climate and integrated assessment models. © 2021, The Author(s), under exclusive licence to Springer Nature Limited.
语种英语
来源期刊Nature Climate Change
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/171587
作者单位Potsdam Institute for Climate Impact Research, Potsdam, Germany; Institute of Physics, Potsdam University, Potsdam, Germany; Mercator Research Institute on Global Commons and Climate Change, Berlin, Germany; Department of Agricultural and Resource Economics, University of California, Berkeley, CA, United States; Faculty of Economic and Social Sciences, Potsdam University, Potsdam, Germany; Columbia University, New York, NY, United States
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Kotz M.,Wenz L.,Stechemesser A.,et al. Day-to-day temperature variability reduces economic growth[J],2021.
APA Kotz M.,Wenz L.,Stechemesser A.,Kalkuhl M.,&Levermann A..(2021).Day-to-day temperature variability reduces economic growth.Nature Climate Change.
MLA Kotz M.,et al."Day-to-day temperature variability reduces economic growth".Nature Climate Change (2021).
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