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A unifying approach to measuring climate change impacts and adaptation

Author

Listed:
  • Bento, Antonio M.
  • Miller, Noah
  • Mookerjee, Mehreen
  • Severnini, Edson

Abstract

We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of climate change on local air pollution. Economic agents are usually constrained when responding to daily weather shocks, but may adjust to long-run climatic changes. By simultaneously exploiting variation in weather and climate, we identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space, and overcome omitted variable bias concerns from prior approaches.

Suggested Citation

  • Bento, Antonio M. & Miller, Noah & Mookerjee, Mehreen & Severnini, Edson, 2023. "A unifying approach to measuring climate change impacts and adaptation," Journal of Environmental Economics and Management, Elsevier, vol. 121(C).
    • Handle: RePEc:eee:jeeman:v:121:y:2023:i:c:s009506962300061x
    DOI: 10.1016/j.jeem.2023.102843
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    Cited by:

    1. Antonio M. Bento & Noah Miller & Mehreen Mookerjee & Edson Severnini, 2023. "Incidental Adaptation: The Role of Non-climate Regulations," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 86(3), pages 305-343, November.

    More about this item

    Keywords

    Climate change estimation methods; Climate impacts; Adaptation; Local air pollution; Ambient ozone concentration; “climate penalty” on ozone;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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