Seasonal Temperature and Economic Growth in China's Major Cities

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.