Global climate cycles create varied growth challenges – paper
The changing climate has a different impact on growth depending on a country’s normal climate, researchers find
Growth of countries typically in the more humid or arid ends of the climate spectrum are more negatively affected by global climate cycles, research from the Federal Reserve Bank of Dallas finds.
Using data on 75 countries over the period 1975–2014, Cécile Couharde and co-authors examine the role of weather patterns and global climate cycles in influencing economic growth.
Specifically, they focus on El Niño Southern Oscillation (Enso) events – non-uniform but periodic changes in winds and sea
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