Abstract
This paper explores the impact of extremely hot days on firm-level exports at monthly frequency. We find robust evidence that firm-level exports decline gradually following a heat strike and do not recover within twenty-four months. Specifically, export losses are negligible in the first three months and accumulates to substantial amount eventually: an additional >30°C day in a given month generates cumulative losses up to 1.67% of a firm’s annual exports twenty-four months later. Negative impact of extreme heat on exports is magnified in private-owned firms and agricultural products. The substantial cumulative effect indicates that exporters may bear productivity losses under heat strikes and full adaptation is infeasible within two years. Our findings have significant implications for economic development and climate change policies.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
