The non-linear effect of daily weather on economic performance: Evidence from China

被引：11

作者：

Li, Chengzheng ^{[1
]}

Cong, Jiajia ^{[2
]}

Gu, Haiying ^{[3
]}

Zhang, Peng ^{[4
,5
]}

机构：

[1] Jinan Univ, Inst Econ & Social Res, 601 West Huangpu Rd, Guangzhou 510632, Peoples R China

[2] Fudan Univ, Sch Management, Dept Ind Econ, 670 Guoshun Rd, Shanghai 200433, Peoples R China

[3] Shanghai Jiao Tong Univ, Antai Coll Econ & Management, 1954 Huashan Rd, Shanghai 200030, Peoples R China

[4] Chinese Univ Hong Kong, Sch Management & Econ, Shenzhen, Peoples R China

[5] Shenzhen Res Inst Big Data, Shenzhen Finance Inst, Shenzhen, Peoples R China

来源：

CHINA ECONOMIC REVIEW | 2021年 / 69卷

基金：

中国国家自然科学基金;

关键词：

Extreme weather events; Temperature; Precipitation; Economic performance; Adaptation; CLIMATE-CHANGE EVIDENCE; AGRICULTURAL OUTPUT; RANDOM FLUCTUATIONS; TEMPERATURE; IMPACTS; ADAPTATION; PRODUCTIVITY; MORTALITY; GROWTH; SHOCKS;

D O I：

10.1016/j.chieco.2021.101647

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper thoroughly examines the impacts of daily weather on the aggregate economic outcomes in China and identifies the underlying channels. Using within-county variations in daily weather between 1996 and 2012, we find that daily temperature and precipitation have nonlinear effects on county-level economic outcomes. An additional day with an average temperature above 20 degrees C reduces county-level GDP by 0.05% to 0.08%, and the detrimental effects tend to intensify when the temperature rises. The precipitation does not have robust effects on countylevel GDP. By examining the effects of daily weather on primary, secondary, and tertiary industries, we find that the primary industry is the main channel of the negative impacts of high temperatures. Heavy precipitation is inclined to harm agricultural output, especially grains and oil crop yields. Besides, we discover heterogeneous responses to weather extremes across counties and find suggestive evidence of adaptation.

引用

页数：31

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