climate change; economic sectors; wavelet analysis; Seemingly Unrelated Regressions (SUR)

Aguiar-Conraria, L., Martins, M. M. F., & Soares, M. J. (2018). Estimating the Taylor rule in the time-frequency domain. Journal of Macroeconomics, 57, 122–137. https://doi.org/10.1016/j.jmacro.2018.05.008 Akram, N. (2013). Is climate change hindering economic growth of Asian economies? Asia-Pacific Development Journal, 19(2), 1–18. https://doi.org/10.18356/e7cfd1ec-en Alagidede, P., Ado, G., Frimpong, P. B. (2016). The effect of climate change on economic growth: evidence from sub-Saharan Africa. Environmental Economics and Policy Studies, 18(3), 417–436. https://doi.org/10.1007/s10018-015-0116-3 Auffhammer, M., Baylis, P., Hausman, C. H. (2017). Climate change is projected to have severe impacts on the frequency and intensity of peak electricity demand across the United States. PNAS,114(8), 1886–1891. https://doi.org/10.1073/pnas.1613193114 Banerjee, R., & Maharaj, R. (2020). Heat, infant mortality, and adaptation: Evidence from India. Journal of Development Economics, 143, 102378. https://doi.org/10.1016/j.jdeveco.2019.102378 Benhamed, A., Osman, Y., Ben-Salha, O., et al. (2023). Unveiling the Spatial Effects of Climate Change on Economic Growth: International Evidence. Sustainability, 15(10), 8197. https://doi.org/10.3390/su15108197 Berlemann, M., & Wenzel, D. (2018). Hurricanes, economic growth and transmission channels. World Development, 105, 231–247. https://doi.org/10.1016/j.worlddev.2017.12.020 Burke, M., Hsiang, S. M., & Miguel, E. (2015). Global non-linear effect of temperature on economic production. Nature, 527(7577), 235–239. https://doi.org/10.1038/nature15725 Damania, R., Desbureaux, S., & Zaveri, E. (2020). Does rainfall matter for economic growth? Evidence from global sub-national data (1990–2014). Journal of Environmental Economics and Management, 102, 102335. https://doi.org/10.1016/j.jeem.2020.102335 Desbordes, R., & Eberhardt, M. (2024). Climate change and economic prosperity: Evidence from a flexible damage function. Journal of Environmental Economics and Management, 125, 102974. https://doi.org/10.1016/j.jeem.2024.102974 Dell, M., Jones, B., & Olken, B. (2008). Climate Change and Economic Growth: Evidence from the Last Half Century. National Bureau of Economic Research. https://doi.org/10.3386/w14132 Dell, M., Jones, B. F., & Olken, B. A. (2012). Temperature Shocks and Economic Growth: Evidence from the Last Half Century. American Economic Journal: Macroeconomics, 4(3), 66–95. https://doi.org/10.1257/mac.4.3.66 Diffenbaugh, N. S., & Burke, M. (2019). Global warming has increased global economic inequality. Proceedings of the National Academy of Sciences, 116(20), 9808–9813. https://doi.org/10.1073/pnas.1816020116 Du, D., Zhao, X., & Huang, R. (2017). The impact of climate change on developed economies. Economics Letters, 153, 43–46. https://doi.org/10.1016/j.econlet.2017.01.017 Duan, H., Yuan, D., Cai, Z., et al. (2022). Valuing the impact of climate change on China’s economic growth. Economic Analysis and Policy, 74, 155–174. https://doi.org/10.1016/j.eap.2022.01.019 Farajzadeh, Z., Ghorbanian, E., & Tarazkar, M. H. (2022). The shocks of climate change on economic growth in developing economies: Evidence from Iran. Journal of Cleaner Production, 372, 133687. https://doi.org/10.1016/j.jclepro.2022.133687 Grinsted, A., Moore, J. C., & Jevrejeva, S. (2004). Application of the cross wavelet transform and wavelet coherence to geophysical time series. Nonlinear Processes in Geophysics, 11(5/6), 561–566. https://doi.org/10.5194/npg-11-561-2004 Henseler, M., & Schumacher, I. (2019). The impact of weather on economic growth and its production factors. Climatic Change, 154(3–4), 417–433. https://doi.org/10.1007/s10584-019-02441-6 Hsiang, S., Kopp, R., Jina, A., et al. (2017). Estimating economic damage from climate change in the United States. Science, 356(6345), 1362–1369. https://doi.org/10.1126/science.aal4369 IPCC. (2007). Climate Change 2007: Synthesis Report. Contribution of Working Groups I, II and III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Available online: http://www.ipcc.ch/publications_and_data/ar4/syr/en/contents.html (accessed on 24 July 2017). Kahn, M. E., Mohaddes, K., Ng, R. N. C., et al. (2021). Long-term macroeconomic effects of climate change: A cross-country analysis. Energy Economics, 104, 105624. https://doi.org/10.1016/j.eneco.2021.105624 Khurshid, N., Fiaz, A., Khurshid, J., et al. (2022). Impact of climate change shocks on economic growth: A new insight from non-linear analysis. Frontiers in Environmental Science, 10. https://doi.org/10.3389/fenvs.2022.1039128 Lee, M., Gaspar, R., & Villaruel, M. L. (2020). Effects of temperature shocks on economic growth and welfare in Asia. Resources and Environmental Economics, 2(2), 158–171. https://doi.org/10.25082/ree.2020.02.002 Letta, M., & Tol, R. S. J. (2018). Weather, Climate and Total Factor Productivity. Environmental and Resource Economics, 73(1), 283–305. https://doi.org/10.1007/s10640-018-0262-8 Mandler, M., & Scharnagl, M. (2014). Money Growth and Consumer Price Inflation in the Euro Area: A Wavelet Analysis. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.2797012 Mendelsohn, R., Dinar, A., & Williams, L. (2006). The distributional impact of climate change on rich and poor countries. Environment and Development Economics, 11(2), 159–178. https://doi.org/10.1017/s1355770x05002755 Newell, R. G., Prest, B. C., & Sexton, S. E. (2021). The GDP-Temperature relationship: Implications for climate change damages. Journal of Environmental Economics and Management, 108, 102445. https://doi.org/10.1016/j.jeem.2021.102445 Ogbuabor, J. E., Egwuchukwu, E. I. (2017). The impact of climate change on the Nigerian economy. International Journal of Energy Economics and Policy, 7(2), 217–223. Petrović, P. (2023). Climate change and economic growth: Plug-in model averaging approach. Journal of Cleaner Production, 433, 139766. https://doi.org/10.1016/j.jclepro.2023.139766 Rua, A. (2012). Wavelets in Economics, Banco de Portugal. Economic Bulletin, 71–79. Saldivia, M., Kristjanpoller, W., & Olson, J. E. (2020). Energy consumption and GDP revisited: A new panel data approach with wavelet decomposition. Applied Energy, 272, 115207. https://doi.org/10.1016/j.apenergy.2020.115207 Sultana, T., Dey, S. R., & Tareque, M. (2022). Exploring the linkage between human capital and economic growth: A look at 141 developing and developed countries. Economic Systems, 46(3), 101017. https://doi.org/10.1016/j.ecosys.2022.101017 Tao, Z., Ren, Z., Chen, Y., et al. (2023). Pathway to sustainable economic growth: Linkage among energy consumption, carbon emissions, climate change and technological innovation. Energy Strategy Reviews, 50, 101253. https://doi.org/10.1016/j.esr.2023.101253 Torrence, C., Compo, G. A. (1998). Practical guide to wavelet analysis. Bulletin of the American Meteorological society, 79(61–78), 605–618. https://doi.org/10.1175/1520-0477(1998)079<0061:APGTWA>2.0.CO;2 Wade, K., Jennings, M. (2016). The impact of climate change on the global economy. Schroders Talk. Point. World Bank. (2021). World Development Indicators. Available online: https://databank.worldbank.org/source/world-development-indicators (accessed on 24 July 2017).