Finance and Climate Resilience: Evidence from the long 1950s US Drought
Finance and Climate Resilience: Evidence from the long 1950s US Drought
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Cambridge: National Bureau of Economic Research, Inc
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Language
English
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Publisher
Cambridge: National Bureau of Economic Research, Inc
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Contents
We study how the availability of credit shapes adaptation to a climatic shock, specifically, the long 1950s US drought. We find that bank lending, net immigration, and population growth decline sharply in drought exposed areas with limited initial access to bank finance. In contrast, agricultural investment and long-run productivity increase more i...
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Full title
Finance and Climate Resilience: Evidence from the long 1950s US Drought
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TN_cdi_proquest_journals_2827363124
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2827363124
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ISSN
0898-2937
DOI
10.3386/w31356
