Growing evidence demonstrates that climatic conditions can have a profound impact on the functioning of modern human societies, but effects on economic activity appear inconsistent. Fundamental productive elements of modern economies, such as workers and crops, exhibit highly non-linear responses to local temperature even in wealthy countries. In contrast, aggregate macroeconomic productivity of entire wealthy countries is reported not to respond to temperature, while poor countries respond only linearly. Resolving this conflict between micro and macro observations is critical to understanding the role of wealth in coupled human–natural systems and to anticipating the global impact of climate change.
Original Source [2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/global-non-linear-effect-temperature-economic-production
[2] http://www.nature.com/nature/journal/v527/n7577/full/nature15725.html
[3] http://admin.indiaenvironmentportal.org.in/category/author/marshall-burke
[4] http://admin.indiaenvironmentportal.org.in/category/author/solomon-m-hsiang
[5] http://admin.indiaenvironmentportal.org.in/category/author/edward-miguel
[6] http://admin.indiaenvironmentportal.org.in/category/journal/nature
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-economics
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global-warming
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-adaptation
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-impacts
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/developing-countries
