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Bachelor of Arts
Climate change, Macroenomics, India, Global warming, Economic development, Environment and development
India has seen a considerable increase in temperatures in the last century. Several researchers have found evidence of a negative impact of rising temperatures on the manufacturing and agricultural sectors of the economy. This paper seeks to evaluate the effect of climate change, in the form of rising temperatures, on India’s overall GDP. The analysis uses a fixed effects model to evaluate the impact of temperature on both India’s GDP level and GDP growth rates. Using state-level temperature and GDP data from the years 1980-2015, this paper finds evidence that higher temperatures reduce both GDP and GDP growth rates. The results indicate that for every 1℃ increase in temperature, GDP is expected to reduce by 5% while growth rates are expected to fall by 3.33 percentage points. These findings have implications for policy-making in India and suggest that both adapting to and mitigating climate change will be key for the Indian economy.
©2019 Anuska Jain. Access limited to the Smith College community and other researchers while on campus. Smith College community members also may access from off-campus using a Smith College log-in. Other off-campus researchers may request a copy through Interlibrary Loan for personal use.
Jain, Anuska, "Impact of temperature shocks on the economy of India" (2019). Honors Project, Smith College, Northampton, MA.
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43 pages : color chart, color map. Includes bibliographical references (pages 29-32)