Friday, May 6, 2011

U.S. Economic Sensitivity to Weather Variability

A recent paper in the Bulletin of the American Meteorological Society reports that the U.S. economic output varies by up to $485 billion a year of 2008 gross domestic product—about 3.4%—owing to weather variability. The study identifies U.S. states more sensitive to weather variability and ranks the sectors by their degree of weather sensitivity. This work illustrates a valid approach to measuring the economic impact of weather variability, gives baseline information and methods for more detailed studies of the sensitivity of each sector to weather variability, and lays the groundwork for assessing the value of current or improved weather forecast information given the economic impacts of weather variability. REPORT



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