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Firm-Level Climate Change Adaptation: Micro Evidence from 134 Nations

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dc.contributor.authorBerg, Claudia
dc.contributor.authorBettarelli, Luca
dc.contributor.authorFurceri, Davide
dc.contributor.authorGanslmeier, Michael
dc.contributor.authorGrover Goswami, Arti
dc.contributor.authorLang, Megan
dc.contributor.authorSchiffbauer, Marc
dc.date.accessioned2025-03-10T20:50:02Z
dc.date.available2025-03-10T20:50:02Z
dc.date.issued2025-03-10
dc.description.abstractAre firms adapting to climate change? This paper studies this question by combining geocoded World Bank Enterprise Survey data with spatially granular weather data to estimate temperature response functions for nearly 160,000 firms in 134 countries over a 15-year period. Our results show that market imperfections in low- and middle-income countries constrain firms’ ability to adapt. Small and medium-size firms in low- and low-middle income countries are most vulnerable, with revenues declining by 12 percent in years with temperatures 0.5◦C above historical averages. The impact is equally strong for manufacturing and services firms and result from declines in labor productivity and wages. Heat-sensitive sectors and less resilient firms are more severely affected, reinforcing the causal interpretation. Unique firm-level information on policy constraints including limited financing, burdensome regulations, and unsafe conditions suggest that such factors raise adaptation costs, undermining economic resilience to climate change.en
dc.identifierhttp://documents.worldbank.org/curated/en/099629503052522688
dc.identifier.doi10.1596/1813-9450-11081
dc.identifier.urihttps://hdl.handle.net/10986/42928
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11081
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCLIMATE ADAPTATION
dc.subjectFIRMS
dc.subjectTEMPERATURE
dc.subjectRESILIENCE
dc.titleFirm-Level Climate Change Adaptationen
dc.title.subtitleMicro Evidence from 134 Nationsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2025-03-10
okr.date.doiregistration2025-04-14T11:58:56.429314Z
okr.date.lastmodified2025-03-10T19:05:31Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099629503052522688
okr.guid099629503052522688
okr.identifier.docmidIDU-2ffa908e-a83b-4456-90c9-5510b7e3f1f7
okr.identifier.doi10.1596/1813-9450-11081
okr.identifier.externaldocumentum34462766
okr.identifier.internaldocumentum34462766
okr.identifier.reportWPS11081
okr.import.id6825
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099629503052522688/pdf/IDU-2ffa908e-a83b-4456-90c9-5510b7e3f1f7.pdfen
okr.region.administrativeOther
okr.region.geographicalWorld
okr.sectorFY17 - Other Public Administration
okr.sectorFY17 - Public Administration
okr.themeFY17 - Credit Infrastructure,FY17 - Finance for Development,FY17 - Infrastructure Finance,FY17 - Disaster Risk Finance,FY17 - Flood and Drought Risk Management,FY17 - Data production, accessibility and use,FY17 - Social Protection,FY17 - Climate change,FY17 - Disaster Risk Management,FY17 - Adaptation,FY17 - Data Development and Capacity Building,FY17 - Financial Infrastructure and Access,FY17 - Social Safety Nets
okr.themeFY17 - Social Development and Protection,FY17 - Urban and Rural Development,FY17 - Finance,FY17 - Public Sector Management,FY17 - Environment and Natural Resource Management
okr.topicIndustry::Industrial and Market Data and Reporting
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicIndustry::General Manufacturing
okr.topicEnvironment::Climate Change and Environment
okr.topicEnvironment::Environmental Economics & Policies
okr.unitDECSI; ETIDR - EFI-FCI-TIC-Global Dir.; IFC
relation.isAuthorOfPublicationb51303b6-af29-592e-989d-eab9ca69edc9
relation.isAuthorOfPublication2b1fc672-8407-59a0-ac52-c1ddd8082fd8
relation.isAuthorOfPublication.latestForDiscoveryb51303b6-af29-592e-989d-eab9ca69edc9
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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