The impact of heat waves on food industry productivity: Firm‐level evidence from Italy
Paolo Nota,
Daniele Curzi,
Oliver Ken Haase
et al.
Abstract:This paper investigates the impact of heat waves on the productivity of the Italian food industry. Using daily weather and firm‐level data for the 2004–2019 period, we show that a heat wave causes, on average, a reduction in Total Factor Productivity (TFP) of about 3.2%. Smaller firms are more severely affected, with a reduction of approximately 7%, revealing unequal impacts within the same country and sector. The reduction in TFP can be partially attributed to lower workers' productivity, with labour input in… Show more
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