Effects of Sea Level Rise on Economy of the United States

Working Paper Series from Department of Economics, University of Sussex Business School

Abstract: We report the first ex post study of the economic impact of sea level rise. We apply two econometric approaches to estimate the past effects of sea level rise on the economy of the USA, viz. Barro type growth regressions adjusted for spatial patterns and a matching estimator. Unit of analysis is 3063 counties of the USA. We fit growth regressions for 13 time periods and we estimated numerous varieties and robustness tests for both growth regressions and matching estimator. Although there is some evidence that sea level rise has a positive effect on economic growth, in most specifications the estimated effects are insignificant. We therefore conclude that there is no stable, significant effect of sea level rise on economic growth. This finding contradicts previous ex ante studies.

Keywords: Sea level rise; Climate change; Barro type growth regression; Economic growth; USA counties; Spatial autoregressive model (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Effects of sea level rise on economy of the United States (2018)
Working Paper: Effects of Sea Level Rise on Economy of the United States (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:sus:susewp:09516

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