Global | Geospatial Analysis for Understanding Climate Variables and their Impacts

Summary

The analysis of how climate-related acute physical events affect the economy must consider their unique aspects: brief duration and specific localization. Geographic Information Systems (GIS) are instrumental in this analysis, for which three case studies are shown.

Key points

• Key points:
• Geographical Information Systems (GIS) stand at the forefront of technology for managing and interpreting the spatial data that shapes our understanding of the physical world
• The use of GIS allows to enhance the precision and depth of economic studies and the introduction of new sources of exogenous variation that can be leveraged to untangle causality in economic models.
• Three illustrative cases in which the use of geospatial data enhance climate analysis are delineated: tropical cyclones in Mexico, and drought events and GHG analysis, in Spain.

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