2021
DOI: 10.1093/jeea/jvab009
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Heat Waves, Climate Change, and Economic Output

Abstract: Climate change is likely to affect economies not only through warming, but also via an increase in prolonged extreme events like heat waves. However, the impacts of heat waves on economic output are not well captured by standard empirical approaches that ignore when hot days occur. Using a global dataset spanning 1979–2016, we show agricultural losses from past heat waves are up to an order of magnitude larger than suggested by standard approaches. Combining these estimates with a suite of climate models impli… Show more

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Cited by 56 publications
(38 citation statements)
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“…Many high-income countries such as the United States have lost relatively little in relative terms but tens of billions in absolute terms due to their large economies. These effects are smaller than those found by Diffenbaugh and Burke (29) from annual mean temperature but are comparable to those found by Miller et al (23) projecting future losses from heat waves (although Miller et al focus primarily on agricultural output).…”
Section: Global Economic Effects Of Anthropogenic Extreme Heatsupporting
confidence: 74%
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“…Many high-income countries such as the United States have lost relatively little in relative terms but tens of billions in absolute terms due to their large economies. These effects are smaller than those found by Diffenbaugh and Burke (29) from annual mean temperature but are comparable to those found by Miller et al (23) projecting future losses from heat waves (although Miller et al focus primarily on agricultural output).…”
Section: Global Economic Effects Of Anthropogenic Extreme Heatsupporting
confidence: 74%
“…These results complement and extend existing work that shows the negative economic effects of heat exposure. Miller et al ( 23 ) showed that consecutive hot days exceeding location-specific thresholds weakly reduce growth in country-level overall GDP and strongly reduce growth in country-level agricultural GDP and that these effects are stronger in warmer years. Our work is consistent with theirs, showing negative effects of multiday periods of extreme heat on economic growth.…”
Section: Discussionmentioning
confidence: 99%
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“…Regarding tourism in the Mediterranean, a large part of it is based on the "sun and sea" model with a clear seasonality peaking in summer. This type of tourism is potentially vulnerable to the global rise of temperatures that have led to an increase of heat waves in the last years (Lindsey and Dahlman, 2020;Miller et al, 2021). In fact, some authors have concluded that the Mediterranean region will become "too hot" for tourist comfort in the peak summer season by as early as the 2030s (Rutty and Scott, 2010).…”
Section: Introductionmentioning
confidence: 99%