The Economic Cost of Air Pollution: Evidence From Europe
- Paper
- Dec 10, 2019
- #AirPollution #Economics
This study provides the first evidence that air pollution causes economy-wide reductions in market economic activity based on data for Europe. The analysis combines satellite-based...
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A 2019 OECD paper analyzing European satellite data estimates "that a 1 µg/m³[!] increase in PM2.5 concentration (or a 10% increase at the sample mean) causes a 0.8% reduction in real GDP that same year. Ninety-five per cent of this impact is due to reductions in output per worker, which can occur through greater absenteeism at work or reduced labour productivity."