You are not currently logged in.
Access JSTOR through your library or other institution:
Climatic Conditions and Productivity: An Impact Evaluation in Pre-industrial England
Stéphane Auray, Aurélien Eyquem and Frédéric Jouneau-Sion
Annals of Economics and Statistics
No. 121/122 (June 2016), pp. 261-277
Stable URL: http://www.jstor.org/stable/10.15609/annaeconstat2009.121-122.261
Page Count: 17
You can always find the topics here!Topics: Productivity, Climate models, Economic growth models, Climate change, Precipitation, Agricultural land, Economic rent, Time series, Agricultural economics, Long run economic growth
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Preview not available
In this paper, we bridge economic data and climatic time series to assess the vulnerability of a pre-industrial economy to changes in climatic conditions. We propose an economic model to extract a measure of total productivity from English data (real wages and land rents) in the pre-industrial period. This measure of total productivity is then related to temperatures and precipitations. We find that lower (respectively higher) precipitations (resp. temperatures) enhance productivity. Furthermore, temperatures also have non-linear effects on productivity: large temperature variations lower productivity.We perform counterfactual exercises and quantify the effects of large increases in temperatures on productivity, GDP and welfare. JEL: C22, N13, O41, O47, Q54. / KEY WORDS: Climatic Conditions, TFP Shocks, Real Wages, Real Rents.
© ANNALS OF ECONOMICS AND STATISTICS