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Climate, Geography and Macroeconomics: Revised Data, Refined Analysis and New Findings

Assessments of social and economic impacts of climate change are primarily based on the results of biophysical climate impact models, which are aggregated, extrapolated and/or valued in monetary terms. Another potential source of information on climate impacts are spatial and/or temporal analogues, such as Ricardian analysis of climate impacts on agriculture. Another recent effort to this end involves the development of the G-Econ database (Nordhaus, 2006), which describes the relationship between climatic and geographic factors on the one hand and regional economic productivity on the other. A multivariate regression derived from this database has been used to estimate global economic ...
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