Global versus idiosyncratic temperature shocks: Analyzing the economic impact of weather on French agriculture
Thomas Jacquet  1@  
1 : EconomiX
ECONOMIX, CNRS , Université Paris Nanterre

This study assesses the impact of weather variations on France's agricultural sector over the period 1980 to 2023, employing recent local projection and pseudo-panel local projection frameworks at a sub-national level. It highlights the detrimental effects of increasing temper- atures on value added of agricultural sector and underscores an important north-south divide. Moreover, the paper also stresses the importance of an estimation method that goes beyond conventional panel studies, in particular by decomposing weather variables. The significance of adopting a pseudo-panel local projection specification in analyzing these relationships is further explored.


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