Plausibly Exogenous [1917] - Climate Adaptation (05/03/2025)

LHS Variable
Adaption to a climate shock

RHS Variable
Availability of credit

Source of Exogenous Variation
Town-level variation in credit availability in the 1950s stemming from these place-based policies since circa 1910

- Rajan and Ramcharan (2023), “Finance and Climate Resilience: Evidence from the long 1950s US Drought”