An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth

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dc.creatorBrown, Casey
dc.creatorMeeks, Robyn
dc.creatorGhile, Yonas
dc.creatorHunu, Kenneth
dc.date2012-03-19T18:40:46Z
dc.date2012-03-19T18:40:46Z
dc.date2010-07-01
dc.date.accessioned2026-07-01T01:09:41Z
dc.descriptionThe influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively stationary spatial patterns of global climate, some regions and countries are more prone to climate hazards and climate variability than others. This study uses a precipitation index that preserves the spatial and temporal variability of precipitation and differentiates between precipitation maximums (such as floods) and minimums (such as droughts). The authors develop a year and country fixed effects regression model to test the influence of climate variables on measures of economic growth and activity. The results indicate that precipitation extremes (floods and droughts) are the dominant climate influence on economic growth and that the effects are significant and negative. The drought index is associated with a highly significant negative influence on growth of growth domestic product, while the flood index is associated with a negative influence on growth of gross domestic product and lagged effects on growth. Temperature has little significant effect. These results have important implications for economic projections of climate change impacts. In addition, adaptation strategies should give new consideration to the importance of water resources given the identification of precipitation extremes as the key climate influence on historical growth of gross domestic product.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719133806
dc.identifierhttps://hdl.handle.net/10986/3841
dc.identifier10.1596/1813-9450-5357
dc.identifier.urihttp://hdl.handle.net/123456789/415711
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5357
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAMOUNT OF RAINFALL
dc.subjectANNUAL PRECIPITATION
dc.subjectANOMALOUSLY WET CONDITIONS
dc.subjectAPPLIED METEOROLOGY
dc.subjectCALCULATION
dc.subjectCHANGES IN PRECIPITATION
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE IMPACT
dc.subjectCLIMATE CHANGE IMPACT ASSESSMENTS
dc.subjectCLIMATE CHANGE IMPACTS
dc.subjectCLIMATE CONDITIONS
dc.subjectCLIMATE DATA
dc.subjectCLIMATE EFFECT
dc.subjectCLIMATE EFFECTS
dc.subjectCLIMATE EVENTS
dc.subjectCLIMATE EXTREMES
dc.subjectCLIMATE FACTORS
dc.subjectCLIMATE HAZARDS
dc.subjectCLIMATE IMPACT
dc.subjectCLIMATE IMPACTS
dc.subjectCLIMATE RISKS
dc.subjectCLIMATE SCIENTISTS
dc.subjectCLIMATE SIGNAL
dc.subjectCLIMATE VARIABILITY
dc.subjectCLIMATE VARIABLE
dc.subjectCLIMATE VARIABLES
dc.subjectCLIMATE VARIATION
dc.subjectCLIMATES
dc.subjectCLIMATIC CHANGE
dc.subjectCOSTS OF CLIMATE CHANGE
dc.subjectDAILY PRECIPITATION
dc.subjectDAMAGE TO INFRASTRUCTURE
dc.subjectDAMAGES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDROUGHT
dc.subjectDROUGHT INDEX
dc.subjectDROUGHT INDICES
dc.subjectDROUGHT SEVERITY
dc.subjectDUST
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DATA
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACTS
dc.subjectECONOMIC IMPACTS OF CLIMATE
dc.subjectECONOMIC IMPACTS OF CLIMATE CHANGE
dc.subjectECONOMIC INDICATORS
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC SYSTEMS
dc.subjectECONOMICS OF CLIMATE CHANGE
dc.subjectEFFECT OF CLIMATE VARIABILITY
dc.subjectELECTRICITY
dc.subjectENERGY ECONOMICS
dc.subjectENERGY SOURCES
dc.subjectESTIMATES OF PRECIPITATION
dc.subjectEXCESS RAINFALL
dc.subjectEXCESSIVE RAINFALL
dc.subjectEXPOSURE TO CLIMATE VARIABILITY
dc.subjectFERTILIZERS
dc.subjectFLOOD
dc.subjectFLOOD EVENTS
dc.subjectFLOOD HAZARD
dc.subjectFLOOD RISK
dc.subjectFLOODING
dc.subjectFLOODS
dc.subjectFOOD SECURITY
dc.subjectFUTURE PRECIPITATION
dc.subjectGCM
dc.subjectGLOBAL CLIMATE
dc.subjectGLOBAL SCALE
dc.subjectGLOBAL TEMPERATURES
dc.subjectGLOBAL WARMING
dc.subjectIMPACT OF CLIMATE
dc.subjectIMPACTS FROM CLIMATE CHANGE
dc.subjectIMPACTS OF DROUGHT
dc.subjectINCOME
dc.subjectINSURANCE
dc.subjectINSURANCE MECHANISMS
dc.subjectINTERGOVERNMENTAL PANEL ON CLIMATE CHANGE
dc.subjectLOW RAINFALL
dc.subjectMETEOROLOGY
dc.subjectMONETARY ECONOMICS
dc.subjectMONSOON
dc.subjectNEGATIVE IMPACT
dc.subjectNEGATIVE IMPACTS
dc.subjectPALMER DROUGHT SEVERITY INDEX
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPRECIPITATION
dc.subjectPRECIPITATION ANOMALIES
dc.subjectPRECIPITATION PATTERNS
dc.subjectRAINFALL
dc.subjectRAINFALL ANOMALIES
dc.subjectRAINFALL VARIABILITY
dc.subjectRAINFALL VARIATIONS
dc.subjectRAINY SEASON
dc.subjectREGIONAL SCALE PRECIPITATION
dc.subjectRESOURCE ECONOMICS
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectSINK
dc.subjectSOUTHERN OSCILLATION INDEX
dc.subjectSTRATEGY FOR ADAPTATION TO CLIMATE CHANGE
dc.subjectTEMPERATURE
dc.subjectTEMPERATURE CHANGES
dc.subjectTEMPERATURE DATA
dc.subjectTEMPERATURE EFFECT
dc.subjectTEMPERATURE EFFECTS
dc.subjectTEMPERATURE VARIABILITY
dc.subjectTEMPERATURES
dc.subjectTEMPORAL VARIABILITY
dc.subjectTERRESTRIAL SURFACE CLIMATE
dc.subjectTROPICS
dc.subjectVARIABILITY OF RAINFALL
dc.subjectWEATHER
dc.titleAn Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth

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