Economic impacts of climate change — how temperature and precipitation affect GDP growth, agricultural yields, and long-run development. Built on Dell, Jones & Olken (2012), Burke, Hsiang & Miguel (2015), Nordhaus (2018), Hsiang et al. (2017), and Schlenker & Roberts (2009).
How climatic variables affect macroeconomic outcomes including GDP growth, agricultural output, and long-run development. Core debate: level effects vs growth-rate effects.
gdp_per_capita_growth
GDP Per Capita Growth RateAnnual percentage change in real GDP per capita. Growth-rate effects compound; level effects do not.
climate_damage_fraction
Climate Damage FractionShare of GDP lost due to climate change impacts, from integrated assessment damage functions.
agricultural_yield
Agricultural YieldCrop output per unit of harvested area (tonnes per hectare).
precipitation
Annual PrecipitationTotal annual precipitation (mm) from gridded meteorological data.
social_cost_of_carbon
Social Cost of CarbonMarginal economic damage of one additional tonne of CO2, in USD. Ranges from ~$50 to ~$185/tonne.
mean_surface_temperature
Mean Surface TemperatureAnnual average surface temperature (degrees Celsius) for a country, from gridded meteorological datasets.
Domain: Economic Impacts of Climate Change
How climatic variables affect macroeconomic outcomes including GDP growth, agricultural output, and long-run development. Core debate: level effects vs growth-rate effects.
Temporal scope: 1960-present | Population: Sovereign states (country-year observations)
Install this PAX into your Praxis instance:
praxis_import_pax("climate-economic-impacts.pax.tar.gz", install=True)