Mr. Rodrigo Garcia-Verdu, Alexis Meyer-Cirkel, Akira Sasahara, and Hans Weisfeld
seeks to understand if there are similar cross-country differences in the impacts of weather shocks on agricultural TFP.
We closely follow the literature to setup our regression model. Previous studies investigate the impact of weather shocks on the GDP growth rate by implicitely assuming that weather shocks affect the current level of GDP by changing its growth path from the previous year ( Dell et al., 2012 ; Hsiang and Jina, 2014 ; Moore and Diaz, 2015 ; IMF, 2017 ). 22 We assume that a similar argument applies in the context of agricultyralTFP. Therefore