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Climate Extremes, Space and Time: A comparative exploration of techniques to estimate the influence of climate on economic growth

12 May 2018 | Theses |

This dissertation empirically estimates the impact of climate variables onto economic outcomes by expanding existing models in three dimensions: Climate Measures, Space and Time. First, a range of extreme climate and drought indicators are introduced into a global panel dataset to evaluate their influence onto annual country-level GDP per capita growth beyond annual averages of temperature. Second, to assess the value of increasing the frequency of measurement, the analysis is conducted quarterly rather than annually. Third, to avoid country-level aggregation, nightlight imagery is used as a proxy for local economic activity at a higher spatial resolution, allowing local climate impacts to be estimated. Results suggest that the addition of extreme weather indicators adds significant information to the econometric... »

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Moritz Schwarz

Moritz Schwarz is an MSc. graduate from Oxford's Environmental Change Institute and currently works as an environmental policy coordinator at the Austrian Ministry of Environment and is an Associate Researcher at the Institute for New Economic Thinking at the Oxford Martin School. In his research with Climate Econometrics, Moritz modelled the relative economic damage of different climate scenarios and is currently working on econometrically estimating the relative attribution of damage to climate phenomena. Additionally, he has published on the compatibility of economic growth and climate action and studied EU Carbon Leakage measures.