The economic impact of climate risks in China: evidence from 47-sector panel data, 2000–2014

Sun, Y; Zou, X; Shi, X; Zhang, P

The economic impact of climate risks in China: evidence from 47-sector panel data, 2000–2014

Sun, Y Zou, X Shi, X

Zhang, P

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Publication Type:: Journal Article
Citation:: Natural Hazards, 2019, 95 (1-2), pp. 289 - 308
Issue Date:: 2019-01-15

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Field	Value	Language
dc.contributor.author	Sun, Y	en_US
dc.contributor.author	Zou, X	en_US
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395	en_US
dc.contributor.author	Zhang, P	en_US
dc.date.issued	2019-01-15	en_US
dc.identifier.citation	Natural Hazards, 2019, 95 (1-2), pp. 289 - 308	en_US
dc.identifier.issn	0921-030X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/132721
dc.description.abstract	© 2018, Springer Nature B.V. Climate risks have significant economic impacts on the various sectors of an economy through direct and indirect channels. When aggregated, their impact can be underestimated or overestimated. This paper examines the impact of five types of climate risks on 47 sectors in China from 2000 to 2014 through the application of a threshold model. We find that: (1) the impact of the integrated climate risks index on sector output is linear. While rainstorms show a U-shaped relationship with output, the other four types of risks—droughts, typhoons, high temperatures and low temperatures freezing—have an inverted U-shaped relationship. (2) Climate risks indirectly influence sector output through capital stock in a significantly positive way. (3) The proportion of intermediate inputs leads to significant differences in the impact of climate risks on sectors. The results suggest that climate policies need to be sector- and risk-specific, as well as dynamic.	en_US
dc.relation.ispartof	Natural Hazards	en_US
dc.relation.isbasedon	10.1007/s11069-018-3447-0	en_US
dc.rights	info:eu-repo/semantics/restrictedAccess
dc.subject.classification	Strategic, Defence & Security Studies	en_US
dc.title	The economic impact of climate risks in China: evidence from 47-sector panel data, 2000–2014	en_US
dc.type	Journal Article
utslib.citation.volume	1-2	en_US
utslib.citation.volume	95	en_US
utslib.for	0401 Atmospheric Sciences	en_US
utslib.for	0406 Physical Geography and Environmental Geoscience	en_US
utslib.for	1701 Psychology	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
utslib.copyright.status	in_progress	*
pubs.issue	1-2	en_US
pubs.publication-status	Published	en_US
pubs.volume	95	en_US

Abstract:

© 2018, Springer Nature B.V. Climate risks have significant economic impacts on the various sectors of an economy through direct and indirect channels. When aggregated, their impact can be underestimated or overestimated. This paper examines the impact of five types of climate risks on 47 sectors in China from 2000 to 2014 through the application of a threshold model. We find that: (1) the impact of the integrated climate risks index on sector output is linear. While rainstorms show a U-shaped relationship with output, the other four types of risks—droughts, typhoons, high temperatures and low temperatures freezing—have an inverted U-shaped relationship. (2) Climate risks indirectly influence sector output through capital stock in a significantly positive way. (3) The proportion of intermediate inputs leads to significant differences in the impact of climate risks on sectors. The results suggest that climate policies need to be sector- and risk-specific, as well as dynamic.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/132721