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Titel
Temperature effects on productivity and factor reallocation: evidence from a half million Chinese manufacturing plants / Peng Zhang (Hong Kong Polytechnic University), Olivier Deschenes (UC Santa Barbara, IZA and NBER), Kyle C. Meng (UC Santa Barbara and NBER), Junjie Zhang (Duke Kunshan University) ; IZA Institute of Labor Economics
VerfasserZhang, Peng In der Gemeinsamen Normdatei der DNB nachschlagen ; Deschênes, Olivier In der Gemeinsamen Normdatei der DNB nachschlagen ; Meng, Kyle C. In der Gemeinsamen Normdatei der DNB nachschlagen ; Zhang, Junjie In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, November 2017
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Elektronische Ressource
Umfang1 Online-Ressource (44 Seiten) : Diagramme, Karten
SerieDiscussion paper ; no. 11132
URNurn:nbn:de:hbz:5:2-142675 Persistent Identifier (URN)
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Temperature effects on productivity and factor reallocation: evidence from a half million Chinese manufacturing plants [2.94 mb]
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Zusammenfassung

This paper uses detailed production data from a half million Chinese manufacturing plants over 1998-2007 to estimate the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted U- shaped relationship between temperature and TFP and show that it primarily drives the temperature-output effect. Both labor- and capital- intensive firms exhibit sensitivity to high temperatures. By mid 21st century, if no additional adaptation were to occur, we project that climate change will reduce Chinese manufacturing output annually by 12%, equivalent to a loss of $39.5 billion in 2007 dollars. This implies substantial local and global economic consequences as the Chinese manufacturing sector produces 32% of national GDP and supplies 12% of global exports.