Economic impact of climate change

Detalhes bibliográficos
Autor(a) principal: Custódio, Cláudia
Data de Publicação: 2021
Outros Autores: Ferreira, Miguel A., Garcia-Appendini, Emilia, Lam, Adrian
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/143358
Resumo: We estimate the economic impact of climate change by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1°C increase in average daily temperature decrease their sales by 2%. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures. We also find that episodes of extremely hot and cold weather lead to large drops in sales.
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spelling Economic impact of climate changeClimate changeClimate financeEconomic costsFirm salesProduction networksProductivityFinancial constraintsWe estimate the economic impact of climate change by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1°C increase in average daily temperature decrease their sales by 2%. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures. We also find that episodes of extremely hot and cold weather lead to large drops in sales.Nova School of Business and EconomicsRUNCustódio, CláudiaFerreira, Miguel A.Garcia-Appendini, EmiliaLam, Adrian2022-08-30T13:16:48Z2021-082021-08-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/143358engCustódio, Cláudia, Ferreira, Miguel A., Garcia-Appendini, Emilia, Lam, Adrian. Economic impact of climate change. (August 2021) Nova SBE Working Paper Series No. 645info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:21:40Zoai:run.unl.pt:10362/143358Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:54.052442Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Economic impact of climate change
title Economic impact of climate change
spellingShingle Economic impact of climate change
Custódio, Cláudia
Climate change
Climate finance
Economic costs
Firm sales
Production networks
Productivity
Financial constraints
title_short Economic impact of climate change
title_full Economic impact of climate change
title_fullStr Economic impact of climate change
title_full_unstemmed Economic impact of climate change
title_sort Economic impact of climate change
author Custódio, Cláudia
author_facet Custódio, Cláudia
Ferreira, Miguel A.
Garcia-Appendini, Emilia
Lam, Adrian
author_role author
author2 Ferreira, Miguel A.
Garcia-Appendini, Emilia
Lam, Adrian
author2_role author
author
author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Custódio, Cláudia
Ferreira, Miguel A.
Garcia-Appendini, Emilia
Lam, Adrian
dc.subject.por.fl_str_mv Climate change
Climate finance
Economic costs
Firm sales
Production networks
Productivity
Financial constraints
topic Climate change
Climate finance
Economic costs
Firm sales
Production networks
Productivity
Financial constraints
description We estimate the economic impact of climate change by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1°C increase in average daily temperature decrease their sales by 2%. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures. We also find that episodes of extremely hot and cold weather lead to large drops in sales.
publishDate 2021
dc.date.none.fl_str_mv 2021-08
2021-08-01T00:00:00Z
2022-08-30T13:16:48Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/143358
url http://hdl.handle.net/10362/143358
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Custódio, Cláudia, Ferreira, Miguel A., Garcia-Appendini, Emilia, Lam, Adrian. Economic impact of climate change. (August 2021) Nova SBE Working Paper Series No. 645
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova School of Business and Economics
publisher.none.fl_str_mv Nova School of Business and Economics
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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