Weather Shocks and Economic Activity. Evidence from the Philippines

Marvin Pardillo
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Marvin Pardillo: Monash University

Warwick-Monash Economics Student Papers from Warwick Monash Economics Student Papers

Abstract: As global temperatures continue to rise, strategies to mitigate the adverse effects of weather shock events become crucial. While previous studies have analysed the effect of climatic variation on economic activity at the national level, there is a lack of understanding of the developmental effects of weather shocks at the subnational level. This study uses monthly night light data captured by Visible Infrared Imaging Radiometer Suite (VIIRS) and weather data to examine the effect of weather shock events at the municipal level in the Philippines. We find that excesses and shortages in monthly rainfall are associated with a decrease in the level of economic activity. We also find that lower temperatures are associated with an increase in the level of economic activity whereas higher temperatures are associated with a decrease in economic activity.

Keywords: Philippines; rainfall shocks; temperature Shocks and night lights JEL Classification: Q54; Q58; R12 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-dev, nep-env and nep-sea
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