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studies, it is focused on China due to its crucial role in global cli-mate policy and its responsibility as the worldwide … individuals from five cities in China, namely Beijing, Guangzhou, Chengdu, Wuhan, and Shenyang. In line with previous studies in … existence of global climate change, which seems to be a convenient basis for ambitious climate policy in China. Our econometric …
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The paper examines the non-linear relationship between weather and economic performance. Using within-county variation in weather between 1996 and 2012, we find both daily temperature and precipitation have asymmetric effects on economic performance. A day with temperatures over 20◦C...
Persistent link: https://www.econbiz.de/10012960318
country using data from the National College Entrance Examination (NCEE) in China. The NCEE is one of the most important … institutions in China and affects hundreds of millions of families. We find that a one-standard-deviation increase in temperature …
Persistent link: https://www.econbiz.de/10012907033
Many industries are exposed to weather risk which they can transfer on financial markets via weather derivatives. Equilibrium models based on partial market clearing became a useful tool for pricing such kind of financial instruments. In a multi-period equilibrium pricing model agents rebalance...
Persistent link: https://www.econbiz.de/10012941581
This paper uses historical fluctuations of temperature and precipitation within Chinese counties to identify their effects on the growth of economic outcome during 1996 and 2012. We find three primary results. First, higher temperature significantly reduces the growth rate of county-level income...
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This paper uses historical fluctuations of weather variables within counties in the People's Republic of China to …
Persistent link: https://www.econbiz.de/10012823232