Climate change and economic growth: a heterogeneous panel data approach

Climate change is a global phenomenon. Its impact on economic growth must therefore be analyzed in accordance with its (time-varying) common effects. We present an econometric analysis that evaluates this effect taking into account its global nature. Contrary to previous evidence that ignores the gl...

Full description

Saved in:
Bibliographic Details
Published in:Environmental science and pollution research international 2018-08, Vol.25 (23), p.22725-22735
Main Authors: Sequeira, Tiago Neves, Santos, Marcelo Serra, Magalhães, Manuela
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Climate Change
Earth and Environmental Science
Econometrics
Economic analysis
Economic Development
Economic growth
Economic models
Economics
Ecotoxicology
Environment
Environmental Chemistry
Environmental Health
Environmental science
Global Warming
Gross Domestic Product
Impact analysis
Longitudinal studies
Models, Econometric
Precipitation
Rain
Research Article
Waste Water Technology
Water Management
Water Pollution Control
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Climate change is a global phenomenon. Its impact on economic growth must therefore be analyzed in accordance with its (time-varying) common effects. We present an econometric analysis that evaluates this effect taking into account its global nature. Contrary to previous evidence that ignores the global effects, we obtain that the rising temperature has not decreased growth in real GDP per capita in the second half of the twentieth century for the world countries. However, we obtain a negative effect of rising temperatures and a positive effect of rising precipitation in poor countries. This positive effect of rising precipitation is also confirmed for hot and temperate countries.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-018-2305-7