The Economic Impacts Of Climate Change Evidence From Agriculture
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The Economic Impacts Of Climate Change Evidence From Agriculture
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Author : Arvid Rachel Dirk Viaene
language : en
Publisher:
Release Date : 2018
The Economic Impacts Of Climate Change Evidence From Agriculture written by Arvid Rachel Dirk Viaene and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
In this paper, I analyze the economic impacts of climate change on agriculture as well as the adaptation possibilities of farmers. In my first chapter, I estimate the impact of climate change on agricultural land values using a variety of methods and forecast models. First, I combine a framework that incorporates different possible forecasts of future climate with degree days, a temperature measure that allows to capture the effects of extreme temperatures. I use this framework to estimate the damages of climate change relative to a constant 2002 climate. Second, I exploit climate variation over time between 1978 and 2002 within counties to estimate a land value regression. Using this variation, I can address the time-invariant omitted-variable bias of a cross-sectional regression. Furthermore, I estimate the impacts using a range of climate models. The present discounted damages range from $22 to $204 billion in 2002 dollars, with a mean of $67 billion dollars using a discount rate of 5 percent. In the models that use climate variation within counties over time, I find that estimated damages are on average $64 billion larger than the cross-sectional regressions. Furthermore, the choice of climate model has significant economic importance as the estimates across climate models vary by about $160 billion for nearly all specifications. Finally, I document substantial heterogeneity in impacts across counties. In the second chapter, Michael Greenstone, Ishan Nath, and I investigate how much farmers can adapt to climate change through their choice of crops. By combining a discrete choice framework with data on insurance costs for farmers, we estimate the impact of predicted changes in climate on farmer profits relative to other uses of land. In all specifications, climate change will produce a severe reduction in the share of land used to grow corn and soybeans in the US by the middle of the century. Farmers who grow corn would gain between 1.4 and 2.5 cents for an additional growing degree day relative to the outside option. On the other hand, farmers would lose between 17.9 and 32.3 cents from an increase in an additional growing degree days above 29° C. We find similar results for soybeans. These results are robust across census years and choice sets. When farmers are allowed to re-optimize their land use, climate damages in 2050 are $8.9 to $11.8 billion lower compared to a scenario where their crop choice in 2002 is held constant.
The Economic Impacts Of Climate Change
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Author : Olivier Deschênes
language : en
Publisher:
Release Date : 2006
The Economic Impacts Of Climate Change written by Olivier Deschênes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Climatic changes categories.
This paper measures the economic impact of climate change on US agricultural land by estimating the effect of random year-to-year variation in temperature and precipitation on agricultural profits. The preferred estimates indicate that climate change will increase annual profits by $1.3 billion in 2002 dollars (2002$) or 4 percent. This estimate is robust to numerous specification checks and relatively precise, so large negative or positive effects are unlikely. We also find the hedonic approach -- which is the standard in the previous literature -- to be unreliable because it produces estimates that are extremely sensitive to seemingly minor choices about control variables, sample, and weighting.
Identifying The Economic Impacts Of Climate Change On Agriculture
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Author : Colin A. Carter
language : en
Publisher:
Release Date : 2018
Identifying The Economic Impacts Of Climate Change On Agriculture written by Colin A. Carter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
The ultimate impact of climate change on human systems will depend on the natural resilience of ecosystems on which societies rely as well as on adaptation measures taken by agents, individually and collectively. No sector of the economy is more reliant on climate than agriculture. Evidence from the American settlement process suggests that societies can successfully adapt to new climatic environments. Whether and how much agriculture will manage to adapt to a changing climate remains an open question in the empirical economics literature, however. This article reviews the existing evidence on weather and/or climate impacts on agricultural outcomes from the economics literature, with a focus on methodological questions. Some key econometric issues associated with climate impact measurement are discussed. We also outline important questions that have not been adequately addressed and suggest directions for future research.
Agricultural Productivity And Producer Behavior
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Author : Wolfram Schlenker
language : en
Publisher: University of Chicago Press
Release Date : 2019-11-13
Agricultural Productivity And Producer Behavior written by Wolfram Schlenker and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-13 with Business & Economics categories.
Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This research also considers whether agricultural productivity growth has been, and will be, associated with significant environmental externalities. Among the topics studied are genetically modified crops; changing climatic factors; farm production responses to government regulations including crop insurance, transport subsidies, and electricity subsidies for groundwater extraction; and the role of specific farm practices such as crop diversification, disease management, and water-saving methods. This research provides new evidence that technological as well as policy choices influence agricultural productivity.
Climate Change And Agriculture
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Author : Robert O. Mendelsohn
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01
Climate Change And Agriculture written by Robert O. Mendelsohn and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Technology & Engineering categories.
The specific focus of this seminal work is on the economic impact of climate change on agriculture world wide, and how faced with the resultant environmental alterations, agriculture might adapt under varied and varying conditions. Enhanced with a detailed and comprehensive index, Climate Change and Agriculture is highly recommended for academic library environmental studies and economic studies reference collections and supplemental reading lists. The Midwest Book Review Despite its great importance, there are surprisingly few economic studies of the impact of climate on agriculture and how agriculture can adapt under a variety of conditions. This book examines 22 countries across four continents, including both developed and developing economies. It provides both a good analytical basis for additional work and solid results for policy debate concerning income distributional effects such as abatement, adaptation, and equity. Agriculture and grazing are a central sector in the livelihood of many people, particularly in developing countries. This book uses the Ricardian method to examine the impact of climate change on agriculture. It also quantifies how farmers adapt to climate. The findings suggest that agriculture in developing countries is more sensitive to climate than agriculture in developed countries. Rain-fed cropland is generally more sensitive to warming than irrigated cropland and cropland is more sensitive than livestock. The adaptation to climate change results reveal that farmers make many adjustments including switching crops and livestock species, adopting irrigation, and moving between livestock and crops. The results also reveal that impacts and adaptations vary a great deal across landscapes, suggesting that adaptation policies must be location specific. Finally, the book suggests a research agenda for the future. Economists in academia and the public sector, policy analysts and development agencies will find this broad study illuminating.
Abrupt Climate Change
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2002-04-23
Abrupt Climate Change written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04-23 with Science categories.
The climate record for the past 100,000 years clearly indicates that the climate system has undergone periodic-and often extreme-shifts, sometimes in as little as a decade or less. The causes of abrupt climate changes have not been clearly established, but the triggering of events is likely to be the result of multiple natural processes. Abrupt climate changes of the magnitude seen in the past would have far-reaching implications for human society and ecosystems, including major impacts on energy consumption and water supply demands. Could such a change happen again? Are human activities exacerbating the likelihood of abrupt climate change? What are the potential societal consequences of such a change? Abrupt Climate Change: Inevitable Surprises looks at the current scientific evidence and theoretical understanding to describe what is currently known about abrupt climate change, including patterns and magnitudes, mechanisms, and probability of occurrence. It identifies critical knowledge gaps concerning the potential for future abrupt changes, including those aspects of change most important to society and economies, and outlines a research strategy to close those gaps. Based on the best and most current research available, this book surveys the history of climate change and makes a series of specific recommendations for the future.
Economic Issues In Global Climate Change
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Author : John M. Reilly
language : en
Publisher: CRC Press
Release Date : 2019-04-10
Economic Issues In Global Climate Change written by John M. Reilly and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-10 with Nature categories.
This book provides a snapshot on economic thinking about global change and provides a starting point for researchers for evaluating the economics of global change in the context of agriculture, forestry, and resource issues. It attempts to rectify the scarcity of economic analysis in global change.
Handbook On Climate Change And Agriculture
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Author : Ariel Dinar
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011
Handbook On Climate Change And Agriculture written by Ariel Dinar and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
This book explores the interaction between climate change and the agriculture sector. Agriculture is essential to the livelihood of people and nations, especially in the developing world; therefore, any impact on it will have significant economic, social, and political ramifications. Scholars from around the world and from various fields have been brought together to explore this important topic. The contributions found here analyze direct agronomic effects, the economic impacts on agriculture, agricultural impacts on the economy, agricultural mitigation, and farmer adaptation. The authors argue that climate change is likely to have an extensive impact on agriculture around the world through changes in temperature, precipitation, concentrations of carbon dioxide, and available water flows. This thorough and timely volume is an invaluable resource for anyone interested in exploring the impacts of climate change in arguably the most important sector of the world economy.Economists, agronomists, and climate modelers in academia and the public sector, policy analysts and development agency staff, and graduate/postgraduate students will find this remarkable volume a welcome addition to their collection.
Global Warming And Agriculture Impact Estimates By Country
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Author : William R. Cline
language : en
Publisher: Peterson Institute
Release Date : 2007
Global Warming And Agriculture Impact Estimates By Country written by William R. Cline and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Crops and climate categories.
Climate Change Impacts On Agriculture And Food Security In Egypt
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Author : El-Sayed Ewis Omran
language : en
Publisher: Springer Nature
Release Date : 2020-04-08
Climate Change Impacts On Agriculture And Food Security In Egypt written by El-Sayed Ewis Omran and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-08 with Science categories.
This book gathers contributions discussing climate change in Egypt from an agricultural perspective. Written by leading experts, it presents state-of-the-art insights and the latest research developments in light of the most recent IPCC report. Focusing on identifying the specific phenomena that affect climate change in Egypt, the book also addresses the effects of climate change in Egypt, particularly examining the quality and quantity of water resources as well as the socio-economic impacts of climate change on agricultural activities. Furthermore, it explores alternative solutions to support agriculture and food security and raises awareness of adaptation and protection as the key to adapting to the risks posed by climate change. Covering the four fundamental pillars of climate change: food security, availability, access and stability, this book is a valuable resource for stakeholders involved in achieving the 2030 sustainable development goals in Egypt and all countries with similar climatic conditions. It is also a unique source of information and updates on climate change impacts for graduates, researchers, policy planners, and decision-makers.