BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//CREST - ECPv5.1.3//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:CREST
X-ORIGINAL-URL:https://crest.science
X-WR-CALDESC:Events for CREST
BEGIN:VTIMEZONE
TZID:Europe/Helsinki
BEGIN:DAYLIGHT
TZOFFSETFROM:+0200
TZOFFSETTO:+0300
TZNAME:EEST
DTSTART:20240331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0200
TZNAME:EET
DTSTART:20241027T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Helsinki:20240108T121500
DTEND;TZID=Europe/Helsinki:20240108T133000
DTSTAMP:20260710T223641
CREATED:20240103T151937Z
LAST-MODIFIED:20240104T090602Z
UID:16397-1704716100-1704720600@crest.science
SUMMARY:Sampreet Goraya (Stockholm School of Economics) "Climate Change\, Firms and Aggregate Productivity"
DESCRIPTION:Macro seminar\nTime : 12h15 – 13h30 \nDate : 08 Janvier 2024 \nSalle 3001 \nSampreet Goraya (Stockholm School of Economics) “Climate Change\, Firms and Aggregate Productivity” \nAbstract:This paper presents a general equilibrium structural framework that separates the effects of temperature on firm-level demand\, productivity\, and input allocative efficiency to examine the aggregate productivity losses caused by climate change. By analyzing data from Italian firms\, that cover approximately 75% of aggregate gross output\, and incorporating detailed climate data\, the paper reveals an inverted U-shaped relationship between temperature and firm-level outcomes such as productivity and revenue-based marginal product of capital. Leveraging these micro semi-elasticities\, the paper projects the aggregate productivity losses resulting from climate change scenarios. The findings indicate a significant and nonlinear relationship between climate change and aggregate productivity\, with a projected 2-degree Celsius increase leading to a 1.8% decline. Doubling the expected increase to 4 degrees exacerbates the decline nearly fourfold to approximately 6.4%. Finally\, the analysis highlights widening regional disparities as a consequence of climate change. \nOrganizer : Suzanne BELLUE \n
URL:https://crest.science/event/sampreet-goraya-stockholm-school-of-economics-climate-change-firms-and-aggregate-productivity/
CATEGORIES:Macroeconomics,Seminars
ATTACH;FMTTYPE=:
END:VEVENT
END:VCALENDAR