A Ricardian analysis of the impact of climate change on European agriculture:

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile regressio...

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Bibliographic Details
Main Authors: Van Passel, Steven 1979- (Author), Massetti, Emanuele (Author), Mendelsohn, Robert O. 1952- (Author)
Format: Book
Language:English
Published: Munich CESIfo 2014
Series:CESifo working paper 4842 : Energy and climate economics
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Online Access:Volltext
Summary:This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile regression outperforms OLS given farm level data. The results suggest that European farms are slightly more sensitive to warming than American farms with losses from -8% to -44% by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9% to -13% per degree Celsius.
Item Description:Literaturverz. S.24-25
Physical Description:27 S. graph. Darst., Kt.

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