Climate change and global stock market returns

Whelsy Boungou and Alhonita Yatie ()
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Alhonita Yatie: Bordeaux Sciences Economiques

Economics Bulletin, 2022, vol. 42, issue 4, 1888 - 1900

Abstract: To the question of whether global stock market indices are sensitive to climate change, the answer is “Yes”. Using weekly data from the stock market returns of 97 countries over the period from 31 August 2020 to 18 April 2022, we document a significant negative impact of climate change on the performance of global stock indices.

Keywords: Climate change; Stock returns; Google trends (search for similar items in EconPapers)
JEL-codes: F3 G1 (search for similar items in EconPapers)
Date: 2022-12-30
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