Seasonal Temperature and Economic Growth in China's Major Cities

Congmin Peng, Po-Wen She () and Jr-Tsung Huang
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Congmin Peng: Department of Business Management, National Sun Yat-Sen University
Po-Wen She: Department of Land Economy, University of Cambridge
Jr-Tsung Huang: Department of Public Finance, National Chengchi University

Annals of Economics and Finance, 2020, vol. 21, issue 2, 471-482

Abstract: Recent new findings reveal that the global warming has substantially negative effect on global economic growth. An important extension of this topic is to examine how localised temperature affects local economic growth. This study uses data in city's level, rather than country's level, to investigate the impact of seasonal temperature on economic growth. Temperature in city's level is more appropriate to capture and indicate the heterogeneity of local weather characteristics. We further examine these impacts on different industries. We found warmer winter helps the growth rate of economy while hotter summer harms economic growth.

Keywords: China economics; Climate change; Economic growth; Seasonal temperature (search for similar items in EconPapers)
JEL-codes: O11 O44 Q54 (search for similar items in EconPapers)
Date: 2020
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