As climate change intensifies, dry rainfall shocks and droughts are a growing concern. At the same time, scientific evidence suggests that the world has surpassed the safe planetary boundary for green water, which is water stored in biomass and soil that is crucial for maintaining climate resilience. Yet, evidence at the global scale of these combined forces on economic growth is poorly understood. This paper attempts to fill this gap by using data...
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INFORMATION
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2023/05/23
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Document de travail de recherche sur les politiques
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WPS10453
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1
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2023/05/23
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Disclosed
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Droughts and Deficits: The Global Impact of Droughts on Economic Growth
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