Fig. 4: Ensembles including the uncertainty in the estimates of the historical impacts according to BHM (blue bars) and some samples according to Dell et al.4 (DJO, red lines).
Specification of the estimates without (short-run (a, b)) and with (long-run (c, d)) the assumption that the influence of warming on economic growth is lagged and/or without (pooled (a, c)) and with (differentiated (b, d)) differentiating between impacts on poor and on rich countries. Each specification for BHM samples from 1000 bootstraps of the historical regression; samples for DJO include specifications with no lag (b) as well as 1-lag, 5-lag, and 10-lag specifications (d).
