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Pierre Mérel and Matthew Gammans, Climate Econometrics: Can the Panel Approach Account for Long‐Run Adaptation? To be published in : American Journal of Agricultural Economics

The panel approach with fixed effects and nonlinear weather effects has become a popular method to uncover weather impacts on economic outcomes, but its ability to capture long‐run climatic adaptation remains unclear. Building upon a framework proposed by McIntosh and Schlenker (2006), this paper identifies empirical conditions under which the nonlinear panel approach can approximate a long‐run response to climate.

 

Reference :

Mérel, Pierre; Gammans, Matthew
Climate Econometrics: Can the Panel Approach Account for Long‐Run Adaptation?
To be published in : American Journal of Agricultural Economics
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Modification date : 05 July 2023 | Publication date : 18 March 2021 | Redactor : Régis Grateau