Supply-Side Impact of Heatwaves on Open Market SMEs in Jaipur
| International Journal of Humanities and Social Science |
| © 2023 by SSRG - IJHSS Journal |
| Volume 10 Issue 5 |
| Year of Publication : 2023 |
| Authors : Atharva Khetan |
10.14445/23942703/IJHSS-V10I5P103
How to Cite?
Atharva Khetan, "Supply-Side Impact of Heatwaves on Open Market SMEs in Jaipur," SSRG International Journal of Humanities and Social Science, vol. 10, no. 5, pp. 15-20, 2023. Crossref, https://doi.org/10.14445/23942703/IJHSS-V10I5P103
Abstract:
Heat waves are increasingly common in the Indian subcontinent, particularly in Rajasthan's Thar Desert. Research links heat waves to climate change and their adverse effects on labour productivity, firm profitability, and global economic well-being. If left unaddressed, climate change-related heat waves could lead to a global GDP decline of around 1.4%. This paper focuses on the economic impact of heat waves on small firms in Jaipur, combining quantitative climate and economic data with qualitative stakeholder surveys. It explores how heat waves affect economic outcomes and decisionmaking. The findings confirm a direct link between higher temperatures and reduced labour productivity, reinforcing earlier research. The surveys also highlight the wide-ranging impact of heat-related health issues, which can ripple through the economy. The study reveals that the impact of heat waves varies depending on specific firm characteristics. In conclusion, it emphasises the need to address heat wave challenges often overlooked by small firms face to maintain economic productivity. By synthesising prior research with empirical analysis and qualitative insights, the study provides actionable recommendations for policies and initiatives aimed at mitigating heat waves' detrimental effects on economic performance.
Keywords:
Climate change, Economic well-being, Health, Productivity, Profitability.
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