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Co-integration analysis between GDP and meteorological catastrophic factors of Nanjing city based on the buffer operator

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  • Chonglan Guo

  • Xiaoxia Xu

  • Zaiwu Gong

Abstract

This paper analyzes the relationship between meteorological catastrophic factors and gross domestic product (GDP) growth rate of Nanjing city (China). The sample spans the period 1980–2010, including GDP growth rate and meteorological catastrophic factors (extreme precipitation, extreme temperature and extreme wind speed). We utilize econometric methods to take co-integration analysis and Granger causality test among GDP growth rate and the time series of meteorological catastrophic factors of Nanjing city processed by buffer operators. Finally, the paper shows the short-term changes in minimum atmospheric pressure, extreme high temperature, and minimum relative humidity, which has a positive impact on GDP; the cumulative effect of extreme precipitation and GDP affects each other to some extent, they are mutually Granger causes. Moreover, at the 95 % confidence level, we believe that maximum wind speed is the Granger causation of GDP growth rate. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Chonglan Guo & Xiaoxia Xu & Zaiwu Gong, 2014. "Co-integration analysis between GDP and meteorological catastrophic factors of Nanjing city based on the buffer operator," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 71(2), pages 1091-1105, March.
    • Handle: RePEc:spr:nathaz:v:71:y:2014:i:2:p:1091-1105
    DOI: 10.1007/s11069-013-0669-z
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    References listed on IDEAS

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    1. Yanxu Liu & Shuangshuang Li & Yanglin Wang & Tian Zhang & Jian Peng & Tianyi Li, 2015. "Identification of multiple climatic extremes in metropolis: a comparison of Guangzhou and Shenzhen, China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(2), pages 939-953, November.

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