Tesi etd-05262022-152645
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Type of thesis
Corso Ordinario Secondo Livello
Author
COLOMBO, DANIELE
URN
etd-05262022-152645
Title
The Effects of Extreme Weather on Production: an Application to French, German and Italian data
Structure
Cl. Sc. Sociali - Scienze Economiche
Course
SCIENZE ECONOMICHE E MANAGERIALI - SCIENZE ECONOMICHE E MANAGERIALI
Committee
Tutor Prof. TAMAGNI, FEDERICO
Presidente Prof. PICCALUGA, ANDREA MARIO CUORE
Membro Prof.ssa ANNUNZIATA, ELEONORA
Membro Prof. IRALDO, FABIO
Membro Prof. TENUCCI, ANDREA
Relatore Prof. FERRARA, LAURENT
Presidente Prof. PICCALUGA, ANDREA MARIO CUORE
Membro Prof.ssa ANNUNZIATA, ELEONORA
Membro Prof. IRALDO, FABIO
Membro Prof. TENUCCI, ANDREA
Relatore Prof. FERRARA, LAURENT
Keywords
- Bayesian VAR
- Production
- Weather shocks
Exam session start date
08/06/2022;
Availability
completa
Abstract
This paper studies the impact of extreme weather shocks on three of Europe's main economies. To identify changes in extreme weather patterns, we use the novel European Extreme Events Climate Index, which includes five components summarizing information about the main climatic hazards: cold and heat stresses, droughts, heavy precipitations and intense winds. A series of Bayesian VAR models is estimated to assess the impact of each type of weather event on various sectors of production, ranging from manufacturing to construction to services. We find clear evidence of the impact of extreme weather, with each component impacting heterogeneously across different countries and production sectors. The analysis is robust to different estimation and identification schemes.
Files
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| Diploma_SSSUP.pdf | 2.04 Mb |
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