The Impact of Weather Conditions on Economic Activity in Ukraine
Journal: Visnyk of the National Bank of Ukraine
Year: 2020

This 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