Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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International Trade Location: D-104 Session Chair: Finn Ole Semrau, Kiel Institute for the World Economy | |
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Quantifying Climate Damages When Regions Trade: A Structural Gravity Approach 1: Ecole Polytechnique, France; 2: Paris School of Economics; 3: Georgetown McCourt This paper presents a method for estimating treatment effects of local climate shocks when regions trade with each other. Because of spillovers induced by trade flows, comparing the evolution of outcomes between pre-shock and post-shock periods in regions exposed versus unexposed to local shocks leads to a biased estimate of treatment effect. We model these across-region dependencies using standard assumptions from international trade theory. We use our model-consistent estimation strategy to revisit the literature on the evaluation of im- pacts from climate change onto country-sector gross output using year-to-year variation in temperature and counterfactual scenarios where the observed warming from 1991 to 2019 would not have occurred or considering future warming predictions. | |