Industrial Productivity in a Hotter World: The Aggregate Implications of Heterogeneous Firm Investment in Air Conditioning
NBER Working Paper No. 22962
---- Acknowledgments ----
We thank Tatyana Deryugina and seminar participants at Stanford for comments. We also thank Jiwei Zhang for outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.