Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    13,800+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    Effects of Temperature Shocks on Economic Growth and Welfare in Asia

    Lee, Minsoo; Villaruel, Mai Lin; Gaspar, Raymond | December 2016
    Abstract
    Using the Burke, Hsiang, and Miguel (2015) framework, we examine the nonlinear response effect of economic growth to historic temperature and precipitation fluctuations. We confirm that aside from the significant effect of rising temperature on agricultural production, industrial production and investment endeavors also serve as other potential channels through which temperature significantly affects overall economic productivity. We find the overall economic productivity of developing Asia to be at least 10% lower by 2100 relative to business as usual. We also empirically analyze policy measures and factors that could help countries mitigate consumption volatility driven by climate change-related events. Consistent with several micro level findings, financial inclusiveness helps households mitigate consumption volatility amid temperature change. Likewise, government plays a critical role in moderating the negative impact of rising temperature in both output and consumption.
    Citation
    Lee, Minsoo; Villaruel, Mai Lin; Gaspar, Raymond. 2016. Effects of Temperature Shocks on Economic Growth and Welfare in Asia. © Asian Development Bank. http://hdl.handle.net/11540/8831. License: CC BY 3.0 IGO.
    ISSN
    2313-6537 (Print)
    2313-6545 (e-ISSN)
    Keywords
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Rural Development
    Rural Development Projects
    Rural Development Research
    Aid And Development
    Asian Development Bank
    Comprehensive Development Framework
    Development Cooperation
    Development Management
    Development Planning
    Development Strategies
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Rural areas
    Rural economy
    Rural planning
    Rural poverty
    Development potential
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8831
    Metadata
    Show full item record
    Thumbnail
    ewp-501.pdf (1015.Kb)
    Author
    Lee, Minsoo
    Villaruel, Mai Lin
    Gaspar, Raymond
    Theme
    Climate
    Development
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise