Seasonal Temperatures and Economic Growth in the United Kingdom
利用英国地方议会层面的数据，研究发现夏季高温抑制经济增长，而冬季温和则促进增长，且富裕的南部地区影响更显著。
ABSTRACT We study the effect of seasonal temperature on economic growth using spatiotemporal econometric techniques and council‐level data for the United Kingdom (UK). We find that higher temperatures during summer reduce economic growth, whereas milder winters raise output growth. These effects are amplified in wealthy local councils on the Southern axis of the UK. Also, we find that local economic growth is related to growth in neighbouring councils. The results are robust to several sensitivity analyses. They are persistent and not driven by unobservable factors related to regional economic conditions. Our findings provide new insights into the consequences of future warming in advanced economies.