Climate change and global stock market returns

Whelsy Boungou () and Alhonita Yatié ()
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Whelsy Boungou: PSB - Paris School of Business - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université
Alhonita Yatié: BSE - Bordeaux sciences économiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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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; Stocks; Google (search for similar items in EconPapers)
Date: 2022-12-30
New Economics Papers: this item is included in nep-agr, nep-env and nep-fdg
Note: View the original document on HAL open archive server: https://hal.science/hal-04745793v1
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Published in Economics Bulletin, 2022, 42 (4), pp.1888-1900

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04745793

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