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| The nexus between COVID-19, temperature and exchange rate in Wuhan city: New findings from partial and multiple wavelet coherence | |
| Iqbal, Najaf1,5; Xin He1; Fareed, Zeeshan2; Shahzad, Farrukh3; Shahzad, Umer4,6; Ma Lina5 | |
| 2020-04 | |
| 发表期刊 | SCIENCE OF THE TOTAL ENVIRONMENT
 |
| ISSN | 0048-9697 |
| EISSN | 1879-1026 |
| 摘要 | This study attempts to document the nexus between weather, COVID-19 outbreak in Wuhan and the Chinese economy. We used daily average temperature (hourly data), daily new confirmed cases of COVID-19 in Wuhan, and RMB (Chinese currency) exchange rate to represent the weather, COVID-19 outbreak and the Chinese economy, respectively. The methodology of Wavelet Transform Coherence (WTC), Partial Wavelet Coherence (PWC) and Multiple Wavelet Coherence (MWC) is employed to analyze the daily data collected from 21st January 2020 to 31st March 2020. The results have revealed a significant coherence between the series at different time-frequency combinations. The overall results suggest the insignificance of an increase in temperature to contain or slowdown the new COVID-19 infections. The RMB exchange rate and the COVID-19 showed an out phase coherence at specific time-frequency spots suggesting a negative but limited impact of the COVID-19 outbreak in Wuhan on the Chinese export economy. Our results are contrary to many earlier studies which suggest a significant role of temperature in slowing down the COVID-19 spread. These results can have important policy implications for the containment of COVID-19 spread and macro-economic management with respect to changes in the weather. (C) 2020 Elsevier B.V. All rights reserved. |
| 关键词 | COVID-19 Temperature Wuhan Partial and Multiple Wavelet Coherence RMB exchange rate |
| DOI | 10.1016/j.scitotenv.2020.138916 |
| WOS研究方向 | Environmental Sciences & Ecology |
| WOS类目 | Environmental Sciences |
| 出版者 | ELSEVIER |
| 引用统计 | |
| 文献类型 | 期刊论文 |
| 专题 | 新冠肺炎 循证社会科学证据集成 |
| 作者单位 | 1.Hunan Univ Arts & Sci; 2.Huzhou Univ; 3.Guangdong Univ Petrochem Technol; 4.Guangdong Univ Finance & Econ GDUFE; 5.Wuhan Univ Technol; 6.Shandong Univ |
| 推荐引用方式 GB/T 7714 | Iqbal, Najaf,Xin He,Fareed, Zeeshan,et al. The nexus between COVID-19, temperature and exchange rate in Wuhan city: New findings from partial and multiple wavelet coherence[J]. SCIENCE OF THE TOTAL ENVIRONMENT,2020. |
| APA | Iqbal, Najaf,Xin He,Fareed, Zeeshan,Shahzad, Farrukh,Shahzad, Umer,&Ma Lina.(2020).The nexus between COVID-19, temperature and exchange rate in Wuhan city: New findings from partial and multiple wavelet coherence.SCIENCE OF THE TOTAL ENVIRONMENT. |
| MLA | Iqbal, Najaf,et al."The nexus between COVID-19, temperature and exchange rate in Wuhan city: New findings from partial and multiple wavelet coherence".SCIENCE OF THE TOTAL ENVIRONMENT (2020). |
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