Shedding Light on the Local Impact of Temperature
IMF Working Papers, August 16, 2024
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Bibliographic details
- Authors: Da Hoang, Duong Trung Le, Ha Nguyen, Nikola Spatafora
- Published: August 16, 2024
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400287305.001
Summary
- Authors: Da Hoang, Duong Trung Le, Ha Nguyen, Nikola Spatafora
- Publication: IMF Working Papers, Working Paper No. 2024/178
- Date: August 16, 2024
- Pages: 30
- DOI: https://doi.org/10.5089/9798400287305.001
- Abstract (key point): Analyzing 30-kilometer grid cells at a monthly frequency, temperature has a negative, highly statistically significant, and quantitatively large effect on output: a 1 °C increase in monthly temperature is associated with a 0.77 percent reduction in nighttime lights, a proxy for local economic activity.
Key findings
- Unit of analysis: 30-kilometer grid cells at a monthly frequency.
- Main quantitative estimate: A 1 °C increase in monthly temperature is associated with a 0.77 percent reduction in nighttime lights (proxy for local economic activity).
- Statistical significance: The negative effect of temperature on output is described as highly statistically significant.
- Persistence: The effects of even a temporary increase in temperature persist for almost one year after the shock.
- Distributional heterogeneity: Increases in temperature have an especially large, negative impact on growth in poorer countries, indicating greater vulnerability to the impact of climate change.
Themes and topics covered
- Climate change
- Environment
- Production
- Productivity
Keywords (as provided)
- B. data description
- Climate change
- economic growth
- Global
- Google Earth engine
- IMF working paper No. 24/178
- impact of temperature
- nighttime lights
- Productivity
- temperature
- temperature shock
Source: Shedding Light on the Local Impact of Temperature — Da Hoang; Duong Trung Le; Ha Nguyen; Nikola Spatafora; August 16, 2024; IMF Working Paper No. 2024/178
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- Working Paper