Climate change, firms and aggregate productivity

Our paper uses a general equilibrium framework to examine the effects of temperature on firm-level demand, productivity and input allocative efficiency. Using data from Italian firms and detailed climate data, it uncovers a sizeable negative effect of extreme temperatures on firm-level productivity. Based on these estimates, the model generates aggregate productivity losses from local temperature fluctuations that are higher than previously thought, ranging from 0.60% to 6.82% depending on the scenario and the extent of adaptation.

Best Crypto Casinos: A Comprehensive Guide for Crypto Gambling Enthusiasts

In the ever-evolving world of online gaming, crypto gambling has emerged as a revolutionary trend, transforming the way players interact with casinos. Whether you’re looking for the best crypto casino, an instant casino with quick transactions, or are simply exploring the benefits of a bitcoin casino, this guide has got you covered. We’ll dive deep ... Read more

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