A Nonparametric Panel Model for Climate Data with Seasonal and Spatial Variation

Jiti Gao, Oliver Linton and Bin Peng

Janeway Institute Working Papers from Faculty of Economics, University of Cambridge

Abstract: In this paper, we consider a panel data model which allows for heterogeneous time trends at different locations. We propose a new estimation method for the panel data model before we establish an asymptotic theory for the proposed estimation method. For inferential purposes, we develop a bootstrap method for the case where weak correlation presents in both dimensions of the error terms. We examine the finite-sample properties of the proposed model and estimation method through extensive simulated studies. Finally, we use the newly proposed model and method to investigate rainfall, temperature and sunshine data of U.K. respectively. Overall, we find the weather of winter has changed dramatically over the past fifty years. Changes may vary with respect to locations for the other seasons.

Keywords: Bootstrap method; Interactive fixed-effect; Panel rainfall data; Time trend (search for similar items in EconPapers)
JEL-codes: C23 Q50 (search for similar items in EconPapers)
Date: 2022-06-20
New Economics Papers: this item is included in nep-env
Note: obl20
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https://www.janeway.econ.cam.ac.uk/working-paper-pdfs/jiwp2215.pdf

Related works:
Working Paper: A Nonparametric Panel Model for Climate Data with Seasonal and Spatial Variation (2022)
Working Paper: A Nonparametric Panel Model for Climate Data with Seasonal and Spatial Variation (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camjip:2215

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