30 DECEMBER, 2024: The Research and Publications Office at IIMB will host a seminar on ‘Climate Change, Firms, and Aggregate Productivity’, by Prof. Sampreet Singh Goraya, Stockholm School of Economics, on 06 January 2025, in Classroom P-22, at 3 p.m.

His paper employs a general equilibrium framework to analyze how temperature affects firm-level productivity, and input allocative efficiency, informing aggregate productivity damages due to climate change. Using data from Italian firms and detailed climate data, it uncovers a sizeable negative effect of extreme temperature on firm-level productivity and revenue-based marginal product of capital. Based on these estimates, the model generates aggregate productivity losses higher than previously thought, ranging from 0.60 to 6.82 percent depending on the scenario and the extent of adaptation. Additionally, climate change exacerbates Italian regional disparities.

Speaker Profile:

Sampreet Singh works on macroeconomics and development economics with a special emphasis on firm dynamics, entrepreneurship, misallocation, intangible capital, and climate change. His research highlights how informal institutions (such as the caste system in India) can reduce productivity and income per capita of a country by allocating excess capital to unproductive entrepreneurs. In other projects, he focus on the rising importance of intangible investments (R&D, intellectual property products, and computerized information) for firm growth in the last three decades. His current work is trying to find the link between climate, productivity, and income per capita.

Webpage Link: https://www.hhs.se/en/persons/s/singh-goraya-sampreet/