{
  "title": "Shedding Light on the Local Impact of Temperature",
  "publication": "IMF Working Papers, August 16, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2024/08/16/shedding-light-on-the-local-impact-of-temperature-553559",
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  "summary": "We use a new dataset to estimate the impact of temperature on economic activity at a more geographically and temporally disaggregated level than the existing literature.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Authors: Da Hoang, Duong Trung Le, Ha Nguyen, Nikola Spatafora  \n- Publication: IMF Working Papers, Working Paper No. 2024/178  \n- Date: August 16, 2024  \n- Pages: 30  \n- DOI: https://doi.org/10.5089/9798400287305.001  \n- 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."
    },
    {
      "heading": "Key findings",
      "content": "- Unit of analysis: 30-kilometer grid cells at a monthly frequency.  \n- 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).  \n- Statistical significance: The negative effect of temperature on output is described as highly statistically significant.  \n- Persistence: The effects of even a temporary increase in temperature persist for almost one year after the shock.  \n- 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."
    },
    {
      "heading": "Themes and topics covered",
      "content": "- Climate change  \n- Environment  \n- Production  \n- Productivity"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- B. data description  \n- Climate change  \n- economic growth  \n- Global  \n- Google Earth engine  \n- IMF working paper No. 24/178  \n- impact of temperature  \n- nighttime lights  \n- Productivity  \n- temperature  \n- temperature shock\n\nSource: 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\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2024/08/16/shedding-light-on-the-local-impact-of-temperature-553559"
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    "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",
    "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.",
    "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.",
    "Climate change",
    "Environment",
    "Production",
    "Productivity",
    "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",
    "**Working Paper**"
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