Beyond threats: Extreme heatwaves and economic resilience in China

Xinya Wang, Huixiao Guo, Youwei Li and Shupei Huang

Finance Research Letters, 2025, vol. 71, issue C

Abstract: This study demonstrates extreme heatwaves have a positive impact on economic resilience in China at the provincial level, utilizing high spatial resolution temperature data. This effect may be attributed to heightened climate policy uncertainty and shifts in public climate perception. Furthermore, our findings reveal that these effects are particularly pronounced in the eastern regions of China and in provinces with large economic scales but relatively small agriculture output values.

Keywords: Extreme heatwaves; Economic resilience; Climate policy uncertainty; Public climate perception (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014569

DOI: 10.1016/j.frl.2024.106427

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