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Effects of sea level rise on economy of the United States

journal contribution
posted on 2023-06-09, 07:42 authored by Monika Novackova, Richard TolRichard Tol
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.

Funding

RISES-AM; CEC DG Research and Innovation; 603396

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Journal of Environmental Economics and Policy

ISSN

2160-6544

Publisher

Taylor & Francis

Issue

1

Volume

7

Page range

85-115

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2017-08-25

First Open Access (FOA) Date

2018-08-24

First Compliant Deposit (FCD) Date

2017-08-24

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