Document Type
Article
Source of Publication
Journal of Environmental Economics and Management
Publication Date
9-1-2023
Abstract
We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of climate change on local air pollution. Economic agents are usually constrained when responding to daily weather shocks, but may adjust to long-run climatic changes. By simultaneously exploiting variation in weather and climate, we identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space, and overcome omitted variable bias concerns from prior approaches.
DOI Link
ISSN
Publisher
Elsevier BV
Volume
121
First Page
102843
Last Page
102843
Disciplines
Business | Environmental Studies
Keywords
Q53, Q54, C51, Climate change estimation methods, Climate impacts, Adaptation, Local air pollution, Ambient ozone concentration, “climate penalty” on ozone
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Bento, Antonio M.; Miller, Noah; Mookerjee, Mehreen; and Severnini, Edson, "A unifying approach to measuring climate change impacts and adaptation" (2023). All Works. 5940.
https://zuscholars.zu.ac.ae/works/5940
Indexed in Scopus
no
Open Access
yes
Open Access Type
Hybrid: This publication is openly available in a subscription-based journal/series