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What is Temperature Shocks and Economic Growth about?

This paper investigates the impact of temperature fluctuations on economic growth, revealing that higher temperatures significantly reduce growth in poor countries, with a 1°C increase correlating to a 1.3 percentage point decrease in growth. The study also finds that temperature affects agricultural and industrial output, as well as political stability, suggesting broader economic implications beyond agriculture. These findings highlight the need for climate-economy models to incorporate the distinct effec

Author

rk4570818

Language

EN