Climate Change and Industrial Performance: Evidence from Remote Sensing Data

45 Pages Posted: 21 Jul 2020 Last revised: 23 Feb 2021

See all articles by Yugang Ding

Yugang Ding

Peking University

Cheng Sun

Peking University

Jiangmin Xu

Peking University - Guanghua School of Management

Date Written: January 1, 2020

Abstract

This paper studies the medium-term impact of climate changes on industrial performance. We utilize the high-resolution satellite readings of soil moisture from the GLEAM database to measure climate changes globally over three decades. We examine the implications of medium-term soil moisture droughts on global food industries using the regression framework of the new climate-economy literature, and find that food industries are severely affected by medium-term soil moisture droughts. Moreover, we show this negative impact is universal across hot and cold climate regions, does not depend on a country’s income level, and is robust to time-varying heterogeneous influences from countries.

Suggested Citation

Ding, Yugang and Sun, Cheng and Xu, Jiangmin, Climate Change and Industrial Performance: Evidence from Remote Sensing Data (January 1, 2020). Available at SSRN: https://ssrn.com/abstract=3637698 or http://dx.doi.org/10.2139/ssrn.3637698

Yugang Ding

Peking University ( email )

No. 38 Xueyuan Road
Haidian District
Beijing, Beijing 100871
China

Cheng Sun

Peking University ( email )

No. 38 Xueyuan Road
Haidian District
Beijing, Beijing 100871
China

Jiangmin Xu (Contact Author)

Peking University - Guanghua School of Management ( email )

Peking University
Beijing, Beijing 100871
China

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