A0401
Title: Global climate anomalies and economic welfare: Evidence from panel of US counties
Authors: Lotanna Emediegwu - Manchester Metropolitan University (United Kingdom) [presenting]
Abstract: An extensive dataset is meticulously compiled, encompassing a range of economic indicators for all counties within the continental United States. Employing a sophisticated econometric approach, the causal impact of the El Nino Southern Oscillation (ENSO) phenomenon on the U.S. economy is investigated. The findings reveal a notable and statistically significant negative correlation between ENSO and the rate of economic growth, both in aggregate and across specific sectors of the economy. Furthermore, distinct effects of the two ENSO regimes are identified, highlighting that El Nino exerts a more pronounced detrimental effect on the U.S. economy compared to La Nina. These results exhibit geographical variations and remain robust across multiple sensitivity checks, minimizing the likelihood of significant deviations from the reported findings.
