Robert Mendelsohn (2009) Climate Change and Economic Growth.

The
purpose of the study: The purpose of the study was to gather the best
understanding of the policies and strategies that underlie rapid economic growth
and poverty reduction in order to provide guidance to leaders of developing
countries

Study applied the examination of the impact of climate change on long-term

economic growth. Greenhouse gas emissions, Temperature changes, Sea-level
rise, Economic output, and Investment, were used as study variables. Data from
World Bank Development Indicators was used. un balanced panel data was
applied.

Study found that the long-term economic growth impact of climate change is
likely to be relatively small over the next 50 years. This implies that the
negative economic effects of climate change are not as significant as previously
believed, and excessive focus on immediate mitigation measures could hinder
economic development. This implies that a balanced approach to climate
change mitigation and economic development is crucial for long-term
sustainability.
Sebastian, Mico, Natalija, Evgenia, Petia, (2020) The Effects of Weather
Shocks on Economic Activity: What are the Channels of Impact. Purpose of the
Study to examine the effects of weather shocks on economic activity and
identify the channels through which these effects occur.

Study applied unified empirical framework to analyze the effects of weather

shocks on economic activity, specifically focusing on the channels through
which these shocks impact the economy. empirical framework to estimate the
causal effects of temperature and precipitation variations on aggregate
economic activity, sectoral output, and key inputs of the aggregate production
function, such as productivity, capital investment, and labor supply. Data from
International Monetary Fund was used. panel data was applied.

Study found that there is negative effect of temperature on output in countries

with hot climates operates through multiple channels, including reduced
investment, depressed labor productivity, poorer human health, and lower
agricultural and industrial output. Study also found that that higher temperatures
have significant adverse effects on various aspects of economic activity.