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Seasonal Temperature and Economic Growth in China's Major Cities

Author

Listed:
  • Congmin Peng

    (Department of Business Management, National Sun Yat-Sen University
    School of Economics, Finance and Law, Faculty of Business and Law, Anglia Ruskin University)

  • Po-Wen She

    (Department of Land Economy, University of Cambridge
    Department of Finance, National Sun Yat-Sen University)

  • Jr-Tsung Huang

    (Department of Public Finance, National Chengchi University)

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.

Suggested Citation

  • Congmin Peng & Po-Wen She & Jr-Tsung Huang, 2020. "Seasonal Temperature and Economic Growth in China's Major Cities," Annals of Economics and Finance, Society for AEF, vol. 21(2), pages 471-482, November.
    • Handle: RePEc:cuf:journl:y:2020:v:21:i:2:pengshehuang
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    China economics; Climate change; Economic growth; Seasonal temperature;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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