by Benjamin F. Jones and Benjamin A. Olken
- This paper uses international trade data to examine the effects of climate shocks on economic activity. We examine panel models relating the annual growth rate of a country’s exports in a particular product category to the country’s weather in that year. We find that a poor country being 1 degree Celsius warmer in a given year reduces the growth rate of that country’s exports by between 2.0 and 5.7 percentage points, with no detectable effects in rich countries.
Jones, B.F. and B.A. Olken (2010). "Climate Shocks and Exports." NBER Working Paper No. 15711, Jan 2010.