The Impact of Weather Conditions on Economic Activity in Ukraine

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dc.contributor.authorYatsenko, Hanna
dc.date.accessioned2020-11-25T21:19:00Z
dc.date.available2020-11-25T21:19:00Z
dc.date.issued2020
dc.description.abstractThis article explores the impact of weather conditions on core sectors of the Ukrainian economy and the composite index of economic activity in Ukraine. We build autoregressive distributed lag (ARDL) models using statistical data provided by the Central Geophysical Observatory named after Boris Sreznevsky (CGO) and the State Statistics Service of Ukraine for the period 2004-2019. The obtained outcomes show that fluctuations in the air temperature and precipitation are significant determinants of output in different sectors (specifically agriculture, construction, manufacturing, and energy). Therefore, the inclusion of weather conditions into models may potentially improve the modeling properties and forecasting of economic activity.en_US
dc.identifier.citationYatsenko H. The Impact of Weather Conditions on Economic Activity in Ukraine / Hanna Yatsenko // Visnyk of the National Bank of Ukraine. - 2020. - No. 249. - Р. 25-49. - https://doi.org/10.26531/vnbu2020.249.03en_US
dc.identifier.issn2414-987X
dc.identifier.urihttps://doi.org/10.26531/vnbu2020.249.03
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/18853
dc.language.isoenen_US
dc.publisherNational Bank of Ukraineen_US
dc.relation.organisationNational Bank of Ukraineen_US
dc.relation.sourceVisnyk of the National Bank of Ukraineen_US
dc.statusfirst publisheden_US
dc.subjectautoregressive distributed lag modelen_US
dc.subjectweather conditionsen_US
dc.subjectarticleen_US
dc.subjectавторегресія з розподіленим лагомen_US
dc.subjectметеорологічні умовиen_US
dc.titleThe Impact of Weather Conditions on Economic Activity in Ukraineen_US
dc.title.alternativeВплив погодних умов на економічну діяльність в Україніuk_UA
dc.typeArticleen_US
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Кафедра економічної теорії